Former Vice President Atiku Abubakar has said concerns raised by Dangote Refinery over government-imposed petrol prices have vindicated his proposal for a production-based fuel subsidy.
Atiku, through his Senior Special Assistant on Public Communication, Phrank Shaibu, said on Friday that Dangote’s warning that private refineries should not be compelled to sell petrol at a loss was a legitimate business concern which the Tinubu administration had allegedly distorted to discredit his proposal.
“Dangote raised a legitimate business concern. The Presidency turned it into a campaign of fear,” Atiku said.
He explained that his proposal was not aimed at forcing domestic refineries to sell fuel below cost, but at reducing the cost of crude feedstock supplied to qualifying Nigerian refineries through a transparent and independently monitored system.
COURTESY: DailyPost
