How will you bring down the price of fuel?
I will restore the subsidy, but move it from importation to production, so it follows every barrel refined here in Nigeria, including from modular refineries. Imported petrol will not qualify. This is a capped, budgeted, independently audited mechanism that lowers the cost of crude feedstock to our refineries, so petrol production costs fall while covering legitimate refining costs and a fair margin. That saving must reach you at the pump, in your transport fare, and in food prices at the market.
Where this comes from
Article on X Article by @atiku on X · https://x.com/atiku/status/2098441590184264064 2026-09-11 ›
If government wants rice to become cheaper, it has two choices: spend money making imported rice cheaper, or help Nigerian farmers reduce the cost of producing rice at home. The second option lowers prices while also creating jobs, strengthening local businesses and keeping economic activity in Nigeria. “That is exactly what we are proposing for fuel. *We are restoring subsidy, but moving it from importation to production.*
“The subsidy follows the barrel refined in Nigeria.”
Atiku said his proposal would reduce the cost of crude feedstock supplied to qualifying domestic refineries through a transparent, capped and independently verified mechanism. “If the crude entering a refinery becomes cheaper, the cost of producing petrol should also come down. That reduction should then reach the average Nigerian while preserving legitimate refining costs and a reasonable commercial margin.