The Federal Government has defended subsidy removal as necessary to ease pressure on public finances and free up resources for other priorities.
Bako also questioned the outcomes of the administration’s foreign exchange reforms, arguing that employment, infrastructure, healthcare, education and living standards would be important measures for assessing the government’s economic performance.
He called for greater accountability in public spending, citing rising living costs and concerns over government expenditure, including lawmakers’ vehicles, Hajj subsidies and a proposed presidential yacht. The specific figures and claims surrounding these expenditures would need to be verified against official records.
The analyst further argued that Atiku’s reported position could generate debate among opposition figures, including Peter Obi and Rabiu Kwankwaso, although their respective positions on restoring petrol subsidies would need to be established independently.
Bako suggested that fuel prices could become a defining issue in the 2027 election, alongside inflation, employment, public spending and economic growth.
“Election 2027 will not be about APC vs ADC. It will be about N1,500 fuel vs N400 fuel,” he wrote.
The figures cited by Bako represent his political argument rather than verified forecasts of future petrol prices. Actual prices would depend on factors including crude oil prices, exchange rates, refining costs and government policy.
At the heart of the debate is whether competing economic proposals can deliver affordable energy and improve living standards while maintaining fiscal sustainability and transparency.
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