Subsidy reversal will worsen Nigeria’s economy – Information Minister knocks Atiku

Atiku argued that the removal of the fuel subsidy by President Bola Tinubu’s administration has not yielded any benefit for Nigeria.

Reacting, the minister said, “Subsidy reversal will worsen Nigeria’s economic gains.

“It would almost instantly return Nigeria to the economic conditions of 2022, recreating the same fiscal pressures, distortions, scarcity and incentives for arbitrage that made the old system unsustainable.”

He charged proponents of subsidy restoration to confront its real opportunity costs.