What is your production subsidy plan for fuel?
My production subsidy plan is designed to protect Nigerian refineries and cut domestic production costs, so that fuel becomes more affordable without forcing refiners to sell at a loss. It does not impose arbitrary pump-price controls on any refinery. The idea is to support production itself, not to force a private refinery to carry losses created by government-imposed prices.
Where this comes from
Article on X Article by @atiku on X · https://x.com/atiku/status/2098441590184264064 2026-09-11 ›
Atiku says production subsidy will protect Nigerian refineries, cut domestic production costs and make fuel more affordable without forcing refiners to sell at a loss. Former Vice President Atiku Abubakar has accused the Tinubu Presidency of deliberately distorting concerns raised by Dangote Refinery in a desperate attempt to discredit his production subsidy proposal, saying the refinery’s warning against arbitrary pump-price controls actually exposes the dishonesty of the government’s argument. In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said Dangote Refinery was right to insist that a private refinery cannot be forced to carry losses created by government-imposed prices, but said the Presidency was being deliberately dishonest by pretending that this was what his plan proposed. “Dangote raised a legitimate business concern.