The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, has promised to crash the fuel pump price with local refinery subsidy if elected President in the 2027 general elections.
Atiku made the pledge on Friday during a world press conference in his Abuja residence.
The former Vice President’s promise came a few weeks after he reignited the fuel subsidy debate.
DAILY POST reports that currently, the pump price of petrol in the country has climbed to N1,400 per litre.
“If elected, from May 29, 2027, I will introduce a transparent production subsidy for petroleum products refined in Nigeria and sold to Nigerians.
“Our production subsidy will work the same way: government support must bring prices down. Only products confirmed to be refined in Nigeria will qualify.
“Imported products will not. The programme will have a fixed spending limit, National Assembly approval and independent audits,” Atiku said.
2027: How I will crash fuel price with local refinery subsidy – Atiku