The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has condemned former Vice President Atiku Abubakar’s proposal to restore petrol subsidy, warning that “desperation for power must not endanger Nigeria’s economy.”
He described Atiku’s position as a troubling policy U-turn that raises serious questions about the opposition’s readiness to govern.
Speaking during a visit to the headquarters of the City Boy Movement in Abuja, the APC chairman said Nigerians deserve more than election-season declarations.
“Economic policy cannot be reduced to election-season promises. Nigerians deserve to know precisely where the money will come from, what sectors will bear the cost and whether such a policy can be sustained without reopening the fiscal pressures that necessitated reform in the first place,” he said.
In a statement issued by his Special Adviser on Media and Information Strategy, Abimbola Tooki, Yilwatda said any proposal to bring back a costly subsidy regime must be subjected to rigorous scrutiny, given the huge fiscal burden and distortions it created.
ALSO READ: Oyo govt congratulates TUC chairman on emergence as PENGASSAN president
He noted that the opposition had been challenged for over three years to present what it would do differently, but “no serious, coherent and convincing alternative had emerged.”
He said it was therefore suspicious that, after more than three years of silence on a comprehensive governing agenda, the former Vice President was only now, about four months before the 2027 general election, presenting a policy that could reverse hard-won economic adjustments and set the country’s development trajectory back several years.
Professor Yilwatda maintained that the removal of subsidy was a difficult but necessary decision and that the…
Source link
Read Full Article by Muideen Olaniyi at tribuneonlineng.com
Source link
