peeji 6 Introduction
Atiku Abubakar: Answers to questions from the public 2026-10-02 ›
Answer: I am proposing a Production Subsidy Model that lowers crude supply prices or offers fiscal relief on inputs to local refiners. This reduces refining costs at home and lowers retail pump prices without forcing refiners into losses. Q40: If government subsidises locally refined petrol or crude supplied to refineries, how much will it cost, where will the money come from, and what happens if oil prices rise or government revenue falls? Answer: The subsidy will be explicitly capped in the national budget and funded directly from domestic crude sales. Global price shocks will be managed using structured fiscal stabilization buffers and oil revenue hedging tools.
Article on X
Article by @atiku on X · https://x.com/atiku/status/2098441590184264064 2026-09-11 ›
“If government wants to provide additional relief beyond what lower crude-input costs can sustainably deliver, then government must pay for that relief openly. “It must be budgeted. It must be capped. It must be audited. Nigerians must know exactly what is being spent and what they are receiving in return. “You cannot announce a politically convenient petrol price and quietly dump the cost on the refinery. “That is not policy. That is confiscation by another name.”
Atiku said the production subsidy would therefore operate with strict safeguards, including a hard fiscal ceiling, a maximum support level per barrel, independent verification of supported crude, electronic tracking of crude intake and refined output, domestic-supply obligations, transparent pricing, independent audits and severe penalties for diversion or fraud.
Article on X
Article by @atiku on X · https://x.com/atiku/status/2098441590184264064 2026-09-11 ›
“We will know how many barrels receive support, which refinery receives them, what is produced, what it costs the taxpayer and what benefit Nigerians receive. “No mystery barrels. No endless claims. No blank cheques.”
Atiku said Nigeria’s refining future would depend heavily on private capital and that the commercial viability of domestic refineries must therefore be protected. “Dangote Refinery, modular refineries and other Nigerian investments must remain viable. We want more refineries, more investment, more competition and more refining capacity. “But the Nigerian consumer must also benefit from the fact that this country produces crude oil. “We reject the false choice between a profitable refinery and an affordable pump price.
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Article by @atiku on X · https://x.com/atiku/status/2098441590184264064 2026-09-11 ›
“Our proposal is clear: support domestic production, reduce the cost of crude going into Nigerian refineries, protect legitimate refinery margins and ensure that lower production costs translate into lower costs for Nigerians.”
Atiku said the Presidency should stop inventing a policy for him and then attacking the fiction it created. “We have been clear from the beginning. “We are restoring subsidy through a production model. “We are proposing a production subsidy not an import subsidy. We are not proposing to subsidise petrol refined abroad. We are not proposing to force Dangote or any other Nigerian refinery to sell below cost. “We are proposing targeted support for crude refined here in Nigeria so that domestic refineries can produce more competitively, expand capacity, create jobs and sell fuel at a price Nigerians can better afford.
Article on X
Article by @atiku on X · https://x.com/atiku/status/2098441590184264064 2026-09-11 ›
“If the Presidency wants a debate, let us have the debate. “But let it first stop lying about what we are proposing.”
Atiku said Dangote’s warning ultimately strengthens the case for the production subsidy model. “Dangote is right that a refinery should not be forced to carry the burden of an artificially imposed price. We agree. “Nigerians are also right that the present cost of fuel, transportation, food and doing business has become unbearable. “Our production subsidy answers both concerns. “It protects refinery viability while reducing the cost of producing fuel in Nigeria. “That is the choice before the country: continue with a system in which Nigerians pay more and government merely explains their suffering, or move to a production model that deliberately lowers costs and puts money back into people’s pockets. “We choose production. “We choose Nigerian refining.
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Post by @atiku on X · https://x.com/atiku/status/2098476924813115799 2026-09-11 ›
My dear Francis, thank you for taking the time to truly understand what I am proposing. That means a great deal to me.
I am not restoring subsidy so that Nigeria can keep paying for imported petrol. I am restoring subsidy so that Nigerians can produce more at home, pay less for fuel, and keep more money in their pockets.
That is the difference between import subsidy and production subsidy.
Think about shoes. If government wants Nigerians to buy shoes more cheaply, it can spend public money making imported shoes cheaper, or it can support shoemakers in Aba to reduce their production costs so they can make more shoes here, employ more Nigerians and sell at more affordable prices.
I choose the Aba shoemaker.
I will do the same with fuel. We will support crude refined in Nigeria so our refineries can produce at a lower cost and you can pay less.
But for me, this is bigger than fuel.
I want the bus fare you pay every morning to come down. I want the cost of taking food from the farm to the market to come down. I want the trader to spend less. I want the barber, tailor, welder and small business owner to spend less on energy.
Article on X
Article by @atiku on X · https://x.com/atiku/status/2100618980339646804 2026-09-17 ›
“My position is straightforward: support what Nigeria produces and refines, lower domestic production costs, and ensure that the benefit reaches the Nigerian consumer.
“This is not an import subsidy. If you do not refine in Nigeria, you do not qualify.
“The subsidy follows the barrel refined in Nigeria.
“Produce here. Refine here. Create jobs here. Pay less here.”
Atiku said reducing the underlying cost of energy was important not only because Nigerians buy petrol, but because energy and transportation costs run through agriculture, manufacturing, logistics, markets and household expenditure.
“My production-subsidy proposal is therefore not simply a petrol policy. It is part of a broader affordability programme.
“I want the farmer to spend less getting produce to market. I want the trader to spend less transporting goods. I want the bus driver to spend less on fuel. I want parents to have more money left after transportation so that they can put better food on the table.
Article on X
Article by @atiku on X · https://x.com/atiku/status/2105647953729769974 2026-10-01 ›
We will introduce a capped, budgeted production subsidy tied to verified fuel refined in Nigeria, including fuel from modular refineries. Imported petrol will not qualify. The benefit must reach consumers through lower pump prices. We will publish the costs, independently audit the payments and cut government waste to help fund the programme.
The principle is simple: produce here, refine here, create jobs here and pay less here. If Bola disagrees, he should answer the proposal on its merits. Calling relief an addiction will not lower the price of petrol.
Bola, your speech is full of “we will.” We will make farming cheaper. We will power factories. We will create jobs. We will bring down prices. You have been President for more than three years. Nigerians are entitled to ask what you have done with the time already given to you.
You say that when farmers produce more cheaply and manufacturers spend less on electricity, prices will fall. Of course they will. But farmers and manufacturers are telling you that they cannot produce cheaply now. A farmer who cannot safely reach his field cannot wait for your theory of cheaper food. A factory paying more to keep its machines running cannot wait for another promise of industrial growth.
peeji 1 CANDIDATE-APPROVED ANSWER
Candidate-approved answer 2026-10-17 ›
On the cost of living, I refuse to accept an approach where government simply watches prices rise and tells struggling citizens to endure. My proposed petroleum intervention is a production subsidy, not a return to subsidising imported petrol. It provides targeted support tied to crude refined domestically, with the intervention capped, transparently budgeted and independently audited. My argument is that we must reduce the cost of energy so that salaries buy more, reduce transport costs so that less of a worker's wage disappears just getting to work, reduce the cost of moving food so families spend less in the market, and reduce the cost of living so that after food, rent and transportation, parents and students have more money left. I place affordability at the centre of my economic programme, because when fuel becomes expensive, transporting food, taking goods to market, moving children to school, running a neighbourhood grinding machine, and powering a small shop all become more expensive, and that cost eventually arrives at the dinner table.
peeji 1 CANDIDATE-APPROVED ANSWER
Candidate-approved answer 2026-10-17 ›
Yes, job creation is central to what I have set out for you.
My policy focuses on private-sector-led growth, targeting up to 3 million jobs annually for graduates and young Nigerians.
I also proposed a $10 billion economic stimulus programme, using the savings from subsidy removal, designed to create millions of jobs across agriculture, manufacturing, technology, and infrastructure. That plan was meant to lift millions out of poverty, give targeted support to the most vulnerable, and ignite the kind of economic activity that grows the tax base organically, so that the pain of subsidy removal gave way to renewal of opportunity and employment.
On the digital economy, I am determined to prepare you for the jobs of the future by investing in digital skills, innovation, and technology-driven education. This means supporting tech hubs and innovation centres across the country, building digital skills, coding, and technology training into education systems, training in fields like artificial intelligence, cybersecurity, and data science, and partnering with private companies and global technology firms to expand access to training and employment.
peeji 1 CANDIDATE-APPROVED ANSWER
Candidate-approved answer 2026-10-17 ›
To back small businesses as job creators, I will push for tax reductions or credits for small businesses based on how many employees they hire and retain, temporary tax relief for startups and small businesses in their early years, and payroll tax incentives for businesses that expand their workforce. I also want to bring informal businesses into the formal economy by making it beneficial, not burdensome, through tax amnesty or grace periods for those that register, and by making sure newly formalized businesses are not immediately overburdened with taxes.
And on production itself: we choose Nigerian jobs. Subsidise Nigerian production, not foreign importation. Produce here. Refine here. Create jobs here. Pay less here. That is the production subsidy model I stand behind.
peeji 1 CANDIDATE-APPROVED ANSWER
Candidate-approved answer 2026-10-17 ›
On the cost of living, I will pursue a targeted production subsidy for fuel refined here in Nigeria, rather than going back to an open-ended subsidy on imported fuel. This will support Nigerian refining, create Nigerian jobs, cut waste, and make sure government support delivers a measurable benefit to you, the consumer. My objective is clear: lower the cost of energy, lower transportation and production costs, strengthen what Nigeria produces, and restore your purchasing power. That is how I will give families breathing room again.
On poverty, my policy expands cash transfers to poor households, tied to school attendance and child vaccination, alongside a revitalised national school feeding scheme.
And because I believe Nigerians deserve more than promises, my administration will launch an online Promise Tracker, publishing live budget spending, contract awards, and performance results, so you can see for yourself whether these commitments are being kept, and hold my government accountable.
peeji 1 CANDIDATE-APPROVED ANSWER
Candidate-approved answer 2026-10-17 ›
On fuel prices, I am not proposing a return to subsidising imported petrol, and I have not set out a specific naira amount I would bring the price down to. What I am proposing is a Production Subsidy Model: support tied to fuel refined here in Nigeria, including from modular refineries, that lowers crude supply prices or gives fiscal relief on inputs to local refiners. This reduces refining costs at home so pump prices can come down, without forcing refiners into losses. Imported petrol will not qualify. The subsidy will be capped and budgeted, funded from domestic crude sales, with costs published and payments independently audited, and government waste cut to help fund it. Global price shocks will be managed through fiscal stabilization buffers and oil revenue hedging tools.
On whether prices would return to what they were before the 2023 elections, I have not said that. What I have said is that I want the bus fare you pay every morning to come down, the cost of moving food from farm to market to come down, and for the trader, barber, tailor, welder and small business owner to spend less on energy. The goal is for Nigerians to produce more at home, pay less for fuel, and keep more money in their pockets, so you pay less, not that any particular past price will return.