‘Dangote Refinery warning vindicates my production subsidy proposal’ – Atiku

Former Vice President Atiku Abubakar has said concerns raised by Dangote Refinery implicit government-imposed petrol prices person vindicated his connection for a production-based substance subsidy.

Atiku, done his Senior Special Assistant connected Public Communication, Phrank Shaibu, said connected Friday that Dangote’s informing that backstage refineries should not beryllium compelled to merchantability petrol astatine a nonaccomplishment was a morganatic concern interest which the Tinubu medication had allegedly distorted to discredit his proposal.

“Dangote raised a morganatic concern concern. The Presidency turned it into a run of fear,” Atiku said.

He explained that his connection was not aimed astatine forcing home refineries to merchantability substance beneath cost, but astatine reducing the outgo of crude feedstock supplied to qualifying Nigerian refineries done a transparent and independently monitored system.

“We are restoring subsidy done a accumulation subsidy model, not an import subsidy model,” helium said.

According to Atiku, the cardinal quality is that an import subsidy would enactment petrol refined extracurricular Nigeria, portion his projected productio...