What is your plan to bring down the cost of fuel?
My plan is a Production Subsidy Model, not an import subsidy: if you don't refine in Nigeria, you don't qualify. I'll reduce the cost of crude supplied to domestic refineries through a transparent, capped and independently verified mechanism, funded from domestic crude sales, with price shocks managed through fiscal stabilization buffers. Lower refining costs mean lower pump prices for you. Produce here, refine here, pay less, so bus fares ease, food transport costs fall, and you keep more of what you earn.
Where this comes from
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.