Atiku pledges fuel subsidy restoration for 2027
Analysis based on 51 articles · First reported Aug 10, 2026 · Last updated Aug 21, 2026
The renewed subsidy debate introduces policy uncertainty in Nigeria's oil and gas sector, potentially affecting investor confidence and the naira. However, immediate market impact is limited as the pledge is contingent on the 2027 election outcome.
Former Vice President and 2027 presidential candidate of the Nigeria — African Democratic Congress, Atiku Abubakar, pledged to restore the petrol subsidy if elected, arguing that Nigerians have not benefited from its removal. He questioned the use of funds saved from the subsidy removal, which the Minister of Finance, Taiwo Oyedele, said generated N15.8 trillion between June 2023 and December 2025. Atiku's pledge drew sharp criticism from FCT Minister Nyesom Wike, who branded him a 'voodoo economist' and accused him of inconsistency, noting Atiku had previously supported subsidy removal. Wike defended President Bola Tinubu's policy, citing increased government revenues and improved allocations. The debate is expected to feature prominently in the 2027 presidential contest, with opposition candidate Omoyele Sowore also promising to restore the subsidy.
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