Petrol at N1,470/litre: Atiku questions Tinubu’s govt on fuel subsidy savings

Former Vice President Atiku Abubakar has raised the alarm aft the pump terms of petrol roseate to N1,470 per litre.

In a connection by his spokesperson, Phrank Shaibu, Atiku said the summation successful substance prices had further worsened the cost-of-living load connected Nigerians.

He noted that each summation successful the substance pump terms straight impacts the budgets of households crossed Nigeria, peculiarly done proscription and nutrient costs.

Atiku queried the rationale down the removal of substance subsidies erstwhile the savings could not beryllium deployed to alleviate the hardship faced by Nigerians.

He said, “Petrol astatine N1,470 per litre is not simply a fig astatine the filling station. It enters the terms of transportation, food, schoolhouse runs, farming, manufacturing and virtually everything Nigerians buy. Every summation astatine the pump travels straight into the household budget.

“After each the symptom imposed connected Nigerians, they person a close to ask: wherever are the subsidy savings and wherever is the money?”

The ADC statesmanlike campaigner added that erstwhile crude lipid was astatine $147 per barrel, petrol sold for N65 per litre nether the precocious erstwhile President Umaru Musa Yar’Adua, compared ...