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Oil/New Energy

We Were Buying Fuel For 200 Before May 29, 2023, Today We’re Buying It For 1,300 – Ologbondiyan

By Admin
August 24, 2026 2 Min Read
0

Kola Ologbondiyan, leader of the African Democratic Congress, has expressed criticism toward President Bola Tinubu’s government for its reaction to former Vice President Atiku Abubakar’s suggestion to reintroduce fuel subsidies if elected in 2027.

In an interview broadcast on Channels Television on August 25, 2026, Ologbondiyan stated that the administration had not thoroughly reviewed Atiku’s proposal before rejecting it. He suggested the government was too hasty in dismissing the idea without properly evaluating its details or intent.

He pointed out that petrol prices were around 200 naira or lower before Tinubu took office on May 29, 2023, but now range between 1,200 and 1,300 naira in many areas. This sharp rise, he argued, has deeply affected ordinary citizens, especially through increased transport fares and a general spike in living expenses.

Ologbondiyan emphasized that Atiku’s plan should be judged on its merits and potential benefits to the public, rather than being disregarded outright.

In his own words:

“Atiku’s position is being misrepresented. I don’t believe the government has taken the time to truly understand what he’s proposing. Before May 29, 2023, we were paying two hundred naira or less for fuel. Now it’s over one thousand three hundred in some places. I’m not strong in numbers, but experts have calculated the percentage increase, and it’s clear how much this is hurting people.”

His remarks come as debate resurfaces over the 2023 removal of fuel subsidies and Atiku’s pledge to implement a revised subsidy system if elected in 2027. Proponents believe such a move could ease financial strain on households, while opponents warn it may strain national finances.

Ologbondiyan maintained that the current fuel pricing policy is taking a real toll on Nigerians, and that alternative approaches aimed at relieving economic pressure deserve serious consideration.

COURYESY: Jennydc

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