The Presidency has defended the Federal Government’s recent fuel price intervention measures, dismissing criticism by former Vice President Atiku Abubakar as politically motivated and economically unsound.
In an article authored by Special Adviser to the President on Media and Public Communications, Dr. Sunday Dare, the Presidency argued that Atiku’s opposition to the Nigerian National Petroleum Company (NNPC) Retail’s 30-day petrol discount programme and pricing modulation framework ignored global realities affecting energy markets.
Dare maintained that governments across the world have implemented temporary measures to reduce the impact of rising fuel prices on citizens and businesses.
According to him, the Federal Government’s price modulation strategy is not a return to the fuel subsidy regime but a short-term mechanism designed to cushion consumers from extreme market volatility.
The presidential aide rejected Atiku’s proposal for a broad production subsidy, describing it as unrealistic given Nigeria’s crude oil production structure, contractual obligations and fiscal limitations.
He argued that the Tinubu administration’s broader economic agenda includes expanding CNG infrastructure, strengthening domestic refining through naira-for-crude arrangements, establishing strategic energy reserves and implementing tax reforms aimed at reducing business and transportation costs.
Dare also cited increased federal allocations to states, improved foreign exchange market stability, the elimination of persistent fuel scarcity and ongoing infrastructure investments as key achievements of the administration’s reform programme.
He concluded that the government’s approach prioritizes long-term economic stability over populist policies, urging Nigerians to support reforms aimed at achieving sustainable growth and shared prosperity.
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