Atiku knocks Tinubu over report on continuation of the subsidy on PMS

The former Vice President of the Federation Republic of Nigeria,  and the PDP presidential candidate for 2023 general elections Alhaji Atiku Abubakar knocks President Bola Ahmed Tinubu over report on continuation of the subsidy on Premium Motor Spirit (PMS).

He says that such decision rrepresents another chapter in the opaque governance under President Bola Tinubu’s administration.  According to him, this development starkly contrasts with the President’s firm assertions in a national broadcast, which followed closely on the heels of public protests decrying poor governance, where he declared the subsidy regime concluded.

However, disclosures prior to his announcement have consistently indicated a resurgence of subsidy payments, albeit through less transparent means.

Atiku asserts that this dissonance between the President’s words and his actions not only undermines the moral fabric of his leadership but also significantly erodes the credibility of his administration.

He added that “at a time when the nation grapples with severe fuel scarcity and escalating energy costs, the continued delays in the re-operation of the Port Harcourt refinery stand as a national disgrace — a failure that rests firmly on the shoulders of President Tinubu, who also holds the office of the Minister of Petroleum Resources.”

Atiku pointed out that the persistent denials by NNPC Limited only exacerbate the plight of Nigerians, who endure severe difficulties due to fuel shortages and resultant price inflations.

“Amidst a contentious dispute between local investors favouring refinery operations and those advocating for imported PMS, the President’s silence is profoundly disconcerting”, he added.

He urges the President, who is intrinsically responsible for overseeing and intervening in such critical disputes to safeguard national interests, steps up to fulfil these expectations.

Atiku decries that the veil of secrecy shrouding the downstream petroleum sector, coupled with alarming reports of NNPC Limited diverting funds intended for other purposes to cover subsidy payments, adds layers of confusion that are unbearably unsettling.

He concludes by saying that “If these reports hold true, they portend grave implications for the integrity of our fiscal federalism.”

He calls on President Tinubu’s administration to urgently clarifies the entanglements surrounding the subsidy policy and the refining of PMS. He added that only through transparent governance can Nigerians hope to find relief from the current debilitating conditions of fuel scarcity and the spiralling inflation affecting petroleum products.