What safeguards will you put on any subsidy for crude going into refineries?
I will run any production subsidy with strict safeguards. These include 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.
Where this comes from
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.
