Atiku’s Subsidy Proposal Will Return Nigeria to Fuel Queues, Threaten Minimum Wage, Education Funding — Yilwatda
By Aviashima Toom, Abuja National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, has warned Nigerians against calls to return to the fuel subsidy regime, saying such a policy could reverse gains recorded under the Federal Government’s ongoing economic reforms. Yilwatda, who spoke in Abuja while receiving a delegation of economic stakeholders, said former Vice President Atiku Abubakar’s proposal to restore fuel subsidy could expose the country to the fiscal pressures that characterised the previous system. He specifically warned that a return to subsidy could lead to fuel shortages, undermine the sustainability of the current minimum wage and constrain government’s ability to fund education and other essential services. According to him, the subsidy debate should go beyond the promise of cheaper petrol and focus on the wider economic implications of diverting government revenue to subsidise fuel consumption. “Subsidy may appear attractive...