Why I Doubt Atiku Would Restore Fuel Subsidy if Elected

Let us be honest: many Nigerians want the APC out of power, and Atiku may be seen as one of the strongest challengers. But fuel subsidy removal goes beyond party politics. Even if Atiku becomes president and considers restoring the subsidy, he may be confronted with the cost. The budget may not have enough room for it, while borrowing or relying on central bank financing could worsen Nigeria’s debt burden. The real question is whether we would rather divert funds from states, local governments and debt servicing, borrow more, or raise taxes to fund subsidy payments. That is why I believe bringing back subsidy could eventually hurt Nigerians, regardless of who is in power.

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