Okonkwo criticizes Tinubu fuel subsidy removal
Analysis based on 7 articles · First reported Aug 23, 2026 · Last updated Aug 24, 2026
The criticism highlights ongoing public discontent over fuel subsidy removal, which could influence policy adjustments or political stability in Nigeria. Market sentiment may be negatively affected due to concerns about inflation and reduced consumer purchasing power.
Kenneth Okonkwo, spokesperson for the Nigeria — African Democratic Congress (ADC) presidential candidate Atiku Abubakar, criticized President Bola Tinubu's removal of the fuel subsidy in Nigeria. Speaking on Channels TV's Sunday Politics, Okonkwo argued that while Nigeria should not have a fuel subsidy, the removal was ill-advised and poorly planned, causing hardship for citizens. He noted that petrol prices around N1,300 per litre make filling a 100-litre tank cost N130,000, nearly twice the N70,000 minimum wage. He cited IMF data indicating over 35 million Nigerians struggle to feed, and questioned official inflation figures, calling them 'voodoo economics.' Okonkwo reiterated his earlier call for reversal, stating that the government should have ensured adequate fuel supply and prevented monopoly before removing the subsidy.
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