Adeoye

01/09/2026

Eyin ti a, e good morning o, a sì kú ti osu tuntun, osu ayo, Idunnu ati igbega ni yíò jé fún gbogbo wa o.

31/08/2026

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22/08/2026

Can Alh. Atiku Abubakar restore subsidy?

Atiku cannot restore the subsidy without creating a serious financial burden on the government. If he intends to restore the subsidy, we need to consider the financial implications carefully.

For instance, if a litre of petrol costs ₦1,200 and the country consumes approximately 47 million litres per day, while consumers pay ₦500 per litre and the government subsidises the remaining ₦700, the calculation would be:

₦700 × 47,000,000 litres = ₦32.9 billion per day.

In one month:

₦32.9 billion × 30 days = ₦987 billion.

In one year:

₦987 billion × 12 months = ₦11.844 trillion.

Therefore, based on these assumptions, restoring the subsidy at ₦700 per litre would cost the government approximately ₦11.844 trillion annually, if daily consumption remained at 47 million litres throughout the year.

This raises an important question: Can the government sustainably finance a subsidy of this magnitude without increasing borrowing, reducing spending on other sectors, increasing taxes, or creating another fiscal problem?

So, rather than simply saying that subsidy will be restored, there should be a clear explanation of where the money will come from and how the government intends to sustain the programme.

However, the calculation above is only an illustration based on the figures provided. Actual subsidy expenditure would depend on the official petrol price, verified daily consumption, the amount subsidised per litre, exchange rates, and changes in consumption.
My Opinion.

20/08/2026

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21/07/2026

07/03/2026

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12/05/2025

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