• PT Insider
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • PT Jobs
  • Advert Rates
  • Contact Us
  • Digital Store
Saturday, August 22, 2026
Premium Times Nigeria
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Gender
  • Investigations
    • All
    • Alabuga Reports
    • Blood on Uniforms
    Angwan Rukuba in Jos

    SPECIAL REPORT: How social media shapes reprisal violence in Plateau

    An HIV/AIDS medicine product from Sarkin Lakanin Jihar Kano, a faith healer in Nigeria. (PHOTO CREDIT: Sarkin Lakanin Jihar Kano)

    SPECIAL REPORT: Some Nigerians turn to faith healers as HIV aid dries up

    Available family planning commodities at Omi Eran Primary Health Centre, Osun State. Credit: Fawaz Adebisi

    SPECIAL REPORT: Before they could finish school, Nigeria’s health system made them mothers

    Akwa Ibom State House of Assembly 9 months after commencement of rehabilitation project

    Akwa Ibom governor abandons assembly rehabilitation but pushes N248.83bn tourism projects

    Kangire PHC

    SPECIAL REPORT: In Jigawa communities, nutrition programmes offer hope amid child hunger

    COP17 Mongolia (PHOTO CREDIT: UNCCD)

    SPECIAL REPORT: As COP17 nears, Nigeria’s rangelands crisis deepens, threatening farmers, pastoral livelihoods

    A fisherman in Ikot Inua Eyet Community assesses the water depth before heading out to fish. Photo credit - Ntiedo Ekott

    SPECIAL REPORT: As climate change pushes fish into deeper waters, Nigerian coastal fishermen lose livelihoods

    Screenshots of the five websites investigated

    INVESTIGATION: Social media, anonymous websites drive Nigeria’s poorly regulated weight-loss injection market 

    INVESTIGATION: Gas flares, poisoned lives, regulatory failures in Nigeria’s oil fields

    INVESTIGATION: Gas flares, poisoned lives, regulatory failures in Nigeria’s oil fields

  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Trade Insights
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
    • All
    • Analysis
    • Columns
    • Contributors
    • Editorial
    Owei Lakemfa writes about Yeslem Beisat.and the Sahrawi struggle.

    Remaining sane in an increasingly insane world, By Owei Lakemfa

    Why silence from Tinubu on Adeniyi and Gbajabiamila carries risk, By Adeola Akinremi

    What Warren Buffett and Tony Elumelu’s legendary lives tell us, By Adeola Akinremi

    Is Anambra really the Light of the Nation, By Chukwuemerie Uduchukwu

    Treat ‘iron condemn’ operators as terrorists or watch the bridges fall, By Chukwuemerie Uduchukwu

    Ehi Braimah writes about Ken-Calebs Olumese at 80.

    Ademola Adeleke: The power of dance as authentic branding proposition, By Ehi Braimah

    2027 elections and the high stakes of INEC’s leadership transition, By Samson Itodo

    Osun 2026: Is IReV reclaiming its title as Nigeria’s electoral game changer?, By Samson Itodo

    Azu Ishiekwene writes about Muhammadu Buhari and his legacy.

    Backstory of Osun poll, and what’s next for Adeleke, By Azu Ishiekwene

  • Health
    • News Reports
    • Special Reports and Investigations
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • non Gamstop casinos
      • Kasyna online
      • Casino Uden Rofus
      • Τα Καλύτερα Online Casino
      • Casino Sin Licencia España
      • Casino Utan Svensk Licens
      • Beste online casinos
      • Top cazinouri online
    • Gokken
      • Beste Online Casino Nederland
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential
    • Gubernatorial
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Gender
  • Investigations
    • All
    • Alabuga Reports
    • Blood on Uniforms
    Angwan Rukuba in Jos

    SPECIAL REPORT: How social media shapes reprisal violence in Plateau

    An HIV/AIDS medicine product from Sarkin Lakanin Jihar Kano, a faith healer in Nigeria. (PHOTO CREDIT: Sarkin Lakanin Jihar Kano)

    SPECIAL REPORT: Some Nigerians turn to faith healers as HIV aid dries up

    Available family planning commodities at Omi Eran Primary Health Centre, Osun State. Credit: Fawaz Adebisi

    SPECIAL REPORT: Before they could finish school, Nigeria’s health system made them mothers

    Akwa Ibom State House of Assembly 9 months after commencement of rehabilitation project

    Akwa Ibom governor abandons assembly rehabilitation but pushes N248.83bn tourism projects

    Kangire PHC

    SPECIAL REPORT: In Jigawa communities, nutrition programmes offer hope amid child hunger

    COP17 Mongolia (PHOTO CREDIT: UNCCD)

    SPECIAL REPORT: As COP17 nears, Nigeria’s rangelands crisis deepens, threatening farmers, pastoral livelihoods

    A fisherman in Ikot Inua Eyet Community assesses the water depth before heading out to fish. Photo credit - Ntiedo Ekott

    SPECIAL REPORT: As climate change pushes fish into deeper waters, Nigerian coastal fishermen lose livelihoods

    Screenshots of the five websites investigated

    INVESTIGATION: Social media, anonymous websites drive Nigeria’s poorly regulated weight-loss injection market 

    INVESTIGATION: Gas flares, poisoned lives, regulatory failures in Nigeria’s oil fields

    INVESTIGATION: Gas flares, poisoned lives, regulatory failures in Nigeria’s oil fields

  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Trade Insights
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
    • All
    • Analysis
    • Columns
    • Contributors
    • Editorial
    Owei Lakemfa writes about Yeslem Beisat.and the Sahrawi struggle.

    Remaining sane in an increasingly insane world, By Owei Lakemfa

    Why silence from Tinubu on Adeniyi and Gbajabiamila carries risk, By Adeola Akinremi

    What Warren Buffett and Tony Elumelu’s legendary lives tell us, By Adeola Akinremi

    Is Anambra really the Light of the Nation, By Chukwuemerie Uduchukwu

    Treat ‘iron condemn’ operators as terrorists or watch the bridges fall, By Chukwuemerie Uduchukwu

    Ehi Braimah writes about Ken-Calebs Olumese at 80.

    Ademola Adeleke: The power of dance as authentic branding proposition, By Ehi Braimah

    2027 elections and the high stakes of INEC’s leadership transition, By Samson Itodo

    Osun 2026: Is IReV reclaiming its title as Nigeria’s electoral game changer?, By Samson Itodo

    Azu Ishiekwene writes about Muhammadu Buhari and his legacy.

    Backstory of Osun poll, and what’s next for Adeleke, By Azu Ishiekwene

  • Health
    • News Reports
    • Special Reports and Investigations
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • non Gamstop casinos
      • Kasyna online
      • Casino Uden Rofus
      • Τα Καλύτερα Online Casino
      • Casino Sin Licencia España
      • Casino Utan Svensk Licens
      • Beste online casinos
      • Top cazinouri online
    • Gokken
      • Beste Online Casino Nederland
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential
    • Gubernatorial
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Former Vice-President Atiku Abubakar

Former Vice-President Atiku Abubakar on Arisetv

Why Atiku changed his stance on fuel subsidy – Spokesperson

Mr Ibe acknowledged that Atiku supported the removal of petrol subsidy during the 2023 campaign.

bySharon Eboesomi
August 21, 2026
Reading Time: 4 mins read
0
Google Logo Add us on Google
MTN ADVERT

The media adviser to former Vice President Atiku Abubakar, Paul Ibe, has defended his principal’s decision to change his position on petrol subsidy, saying a leader should be willing to review a policy when its implementation causes hardship to citizens.

Join the Premium Times WhatsApp Community For Quick Access To News and Happenings Around You.

Open in WhatsApp

Mr Ibe made the position known in a statement posted on his X handle on Friday, in response to the presidency’s criticism of Atiku’s recent promise to restore petrol subsidy if elected president in 2027.

FIRST BANK AD Do you live in Ogijo

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, had criticised Atiku’s position as a reversal of the policy stance he held during the 2023 presidential campaign.

PREMIUM TIMES reported that Atiku, the presidential candidate of the African Democratic Congress (ADC) for the 2027 election, had said he would restore petrol subsidy if elected, arguing that the removal of the subsidy had imposed severe economic pressure on Nigerians without sufficient evidence that the savings had been properly deployed.

Premium Times

Stay Ahead with Premium Times

Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting.

Google Logo Add as a preferred source on Google

“If I win the presidential election, I will restore the subsidy. And anyone who stole Nigeria’s subsidy funds must return the money,” Atiku said during a Facebook Live session.

PT WHATSAPP CHANNEL

He also questioned what had happened to the money saved from ending the subsidy, asking whether the funds had been used to improve healthcare, education and security.

The former vice president acknowledged that he had initially supported the removal of the subsidy but argued that circumstances and the policy’s consequences had changed his position.

His proposal has since triggered a renewed confrontation with the presidency, which accused him of abandoning his earlier economic position for political reasons.

Mr Onanuga argued that returning to a subsidy regime would be retrogressive and fiscally unsustainable, while also challenging Atiku to explain how the proposed subsidy would be funded.

The presidency also disputed Atiku’s claim that the government had accumulated about N30 trillion in savings from subsidy removal, saying there was no such windfall. It argued that the former subsidy system had placed a significant burden on the Nigerian National Petroleum Company Limited and that the removal had helped correct longstanding distortions in the petroleum market.

Leaders must be willing to change course

Responding to the criticism, Mr Ibe said Atiku should not be attacked simply because he was prepared to reconsider a position he held in 2023.

“Leadership and heartlessness should never go together,” he said, arguing that a responsible leader must be prepared to “rethink, restructure or even reverse a policy” where its implementation was causing severe hardship.

Mr Ibe acknowledged that Atiku supported the removal of petrol subsidy during the 2023 campaign, but said changing a policy position after observing its consequences should not automatically be regarded as hypocrisy.

According to him, the more important issue should be whether the policy has improved the lives of ordinary Nigerians and whether the resources released by the reform have translated into better transportation, healthcare, education, employment and social protection.

“Public policy does not work that way,” Mr Ibe said, rejecting the argument that Mr Atiku’s 2023 position should permanently bind him to the policy.

He argued that governments routinely reassess policies, while economists revise assumptions and central banks change course when circumstances change.

“Presidents should be capable of doing the same,” he said.

World Bank data

Mr Ibe also cited World Bank assessments to support his argument that the subsidy removal and other reforms had imposed significant short-term costs on households.

The World Bank said after the subsidy was removed in 2023 that petrol prices increased sharply, with retail gasoline prices rising by an average of 163 per cent. It also said the reform contributed to inflation and placed particular pressure on poor and vulnerable Nigerians.

The bank subsequently maintained that the reforms were necessary to restore fiscal stability but stressed that social protection and compensation would be needed to shield vulnerable households from the effects of higher petrol prices.

More recent World Bank data cited by Mr Ibe showed that an estimated additional seven million Nigerians fell into poverty in 2025, taking the estimated proportion of the population living below the national poverty line to 63 per cent.

The World Bank also said poor households spend up to 70 per cent of their income on food, while noting that improvements in Nigeria’s macroeconomic indicators had not yet translated sufficiently into better living standards for many citizens.

Mr Ibe said the figures underscored the need to assess economic reforms not only by their impact on government finances or macroeconomic indicators but also by their effect on ordinary Nigerians.

He said the distinction should be made between acknowledging the problems associated with the old subsidy system and supporting the manner in which the subsidy was eventually removed.

“There is also an important distinction between recognising that the old subsidy regime was expensive, opaque and vulnerable to abuse and insisting that the only alternative was the manner in which subsidy removal was implemented,” he said.

Atiku’s plan

Mr Ibe said Atiku’s proposed approach was not simply a return to the old subsidy arrangement but part of what he described as the Atiku Economic Recovery Plan (AERP).

He said the plan would focus on reducing domestic refining costs and linking government intervention to locally refined petroleum rather than relying on imported products.

According to him, lower refining costs would translate into lower petrol and diesel prices, which would reduce transportation and logistics expenses across the economy.

READ ALSO: APC accuses Atiku of desperation over pledge to restore fuel subsidy

He said farmers would consequently spend less on transporting agricultural produce to markets, while manufacturers would benefit from lower production and distribution costs.

“Additionally, manufacturers will face lower production and distribution cost,s and businesses will have greater capacity to invest, employ and expand,” he said.

Mr Ibe said the ultimate objective was to revive an economy he claimed had been weakened by the Tinubu administration’s economic policies.

“Ultimately, the Atiku plan will jumpstart the economy laid prostrate by Tinubu’s ‘Bole Kaja’ policies,” he said.

For Mr Ibe, the test of economic policy should ultimately be its effect on Nigerians.

“Policies are made for people. People are not made to suffer indefinitely for policies,” he said, adding that when a policy hurts the population it was designed to serve, “compassionate leadership demands the courage to rethink it.”

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Share on Telegram (Opens in new window) Telegram
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print

Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Premium Times

Stay Ahead with Premium Times

Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting.

Google Logo Add as a preferred source on Google
Previous Post

Sokoto Boat Accident: Over 50 bodies recovered, search continues

Next Post

Nigerian actors gather in prayer for Ogogo as he battles stage four cancer

Sharon Eboesomi

Sharon Eboesomi

More News

Ngozi Olejeme, President Tinubu and Betta Edu

Tinubu’s 2027 campaign council is ‘rehabilitation centre for corruption suspects’ – ADC

August 22, 2026
The Minister of the Federal Capital Territory (FCT), Nyesom Wike

2027: Why I can’t be Tinubu’s campaign DG – Wike

August 22, 2026
Editor of Pinnacle Daily, Sunday Ogwu (PHOTO CREDIT: @THISDAYLIVE)

CWPPF demands independent probe into police assault on Abuja journalist

August 22, 2026
Dispatch rider used to illustrate the story [PHOTO: NAN]

Dispatch rider dies in Lagos accident

August 22, 2026
Fire razing parts of the Spar Mall, sending plumes up into the sky

Fire razes Calabar SPAR mall

August 22, 2026
Osun state governor and governorship candidate of the Accord Party, Senator Ademola Adeleke (PHOTO CREDIT: Pelumi Olajengbesi)

Adeleke wins Osun. But what next for Accord?

August 22, 2026
Leave Comment

  • About Us
  • Contact Us

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game

Projects & Partnerships

  • AUN-PT Data Hub
  • #EndSARS Dashboard
  • Parliament Watch
  • Panama Papers
  • AGAHRIN
  • #PandoraPapers
  • #ParadisePapers
  • #SuisseSecrets
  • Our Digital Network
  • About Us
  • Contact Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2025 The Premium Times, Nigeria

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

DMCA.com Protection Status
  • Home
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential & NASS
    • Gubernatorial & State House
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • Gender
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Trade Insights
    • Business Specials
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • non Gamstop casinos
      • Kasyna online
      • Τα Καλύτερα Online Casino
      • Casino Sin Licencia España
      • Casino Utan Svensk Licens
      • Casino Uden Rofus
      • Beste online casinos
      • Top cazinouri online
    • Gokken
      • Beste Online Casino Nederland
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • #EndSARS Dashboard
  • AUN-PT Data Hub
  • Projects
    • Panama Papers
    • Paradise Papers
    • SuisseSecrets
    • Parliament Watch
    • AGAHRIN
  • Opinion
    • Editorial
  • PT Hausa
  • Become a PT Insider
  • DONATE
  • About Us
  • Dubawa NG
  • Advert Rates
  • PT Jobs
  • Digital Store
  • Contact Us

All content is Copyrighted © 2025 The Premium Times, Nigeria

Discover more from Premium Times Nigeria

Subscribe now to keep reading and get access to the full archive.

Continue reading