APC chairman condemns Atiku subsidy reversal
Analysis based on 17 articles · First reported Aug 23, 2026 · Last updated Aug 25, 2026
The dispute highlights political uncertainty around Nigeria's fuel subsidy policy, which could affect investor confidence in the oil and gas sector. However, as a political statement, the immediate market impact is limited, with sentiment slightly negative due to potential policy reversal risks.
The National Chairman of the Nigeria — All Progressives Congress (APC), Nentawe Yilwatda, condemned former Vice-President Atiku Abubakar's proposal to reverse the removal of petrol subsidy if elected president in 2027. Yilwatda described the proposal as a deeply troubling policy U-turn that raises serious questions about the opposition's preparedness to govern Nigeria. He argued that economic policy cannot be reduced to election-season promises and demanded to know how the subsidy would be funded and sustained. Yilwatda defended the APC-led administration's removal of the subsidy as a difficult but necessary decision, warning that reversing it could undermine investor confidence and worsen fiscal pressures. He also criticized the opposition's lack of ideological consistency and urged Nigerians to scrutinize candidates' records, including Atiku's history with former President Olusegun Obasanjo. The statements were made during a visit to the City Boy Movement headquarters in Abuja.
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