The presidential candidate of the African Action Congress for the 2027 election, Omoyele Sowore, has said he would restore fuel subsidy if elected President.
Sowore stated this during an interview on ARISE TV on Tuesday while outlining an alternative approach to Nigeria’s economic challenges.
Asked whether he planned to bring back fuel subsidy if elected, Sowore responded, “Absolutely.”
He argued that the Federal Government was still subsidising some aspects of the economy despite its removal of petrol subsidy.
“In the first place, they are still paying subsidy. They just changed the name of whatever they call it. They are subsidising not only petrol—because they don’t have enough and can’t produce locally—they are also subsidising the Naira. That’s one thing they will never tell you,” he said.
Sowore said the exchange rate of the naira was also being supported through what he described as “quiet and secret” subsidies.
“The reason the
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