Atiku’s fuel subsidy plan impracticable, financially unsustainable – Tinubu’s aide

Abdul’aziz Abdula’ziz, Senior Special Assistant to President Bola Tinubu connected Media and Public Enlightenment, has dismissed erstwhile Vice-President Atiku Abubakar’s committedness to reconstruct substance subsidy if elected president, describing the connection arsenic impracticable and financially unsustainable.

Abdulaziz, who spoke successful an interrogation with DCL connected Friday, argued that Nigeria’s subsidy authorities placed a dense load connected authorities finances, with subsidy payments yet reaching astir N1 trillion.

He said restoring the argumentation nether existent depletion levels could necessitate astatine slightest N1.5 trillion each month, questioning wherever the authorities would rise specified funds.

“If Atiku decides to bring backmost subsidy, arsenic helium claims, you would really beryllium needing not little than N1.5 trillion each period to wage for the subsidy. Where tin we get that money?” helium said

Abdulaziz besides rejected the statement that the removal of subsidy had created a ample excavation of currency that the Federal Government could simply administer for development.

According to him, “When radical accidental subsidy savings, yes, determination is redeeming successful a way, but it’s not similar wealth you region from somewhere. It’s conscionable similar you halt haemorr...