What is the ADC's proposed method for lowering petrol prices?

The ADC plans to subsidize the production of crude oil to make it cheaper for domestic refineries, thereby reducing the cost of petrol.

Why does the ADC believe petrol subsidies are necessary?

The party argues that Nigerians are too poor to afford petroleum products at market-driven prices and that the government has a responsibility to protect citizens from economic hardship.

ADC Plans to Subsidize Oil Production to Lower Petrol Prices

The opposition party proposes to reduce the cost of living by making domestic crude oil cheaper for refineries, rather than reinstating previous fuel subsidies.

2026-10-13 · Updated 2026-10-13

The African Democratic Congress (ADC) has outlined a plan to subsidize domestic crude oil production if it wins the 2027 presidential election, aiming to lower petrol prices for Nigerians. The party argues that citizens are too impoverished to bear the full cost of petroleum products under market forces.

Bolaji Abdullahi, the National Publicity Secretary for the ADC, stated that the current administration's removal of fuel subsidies has caused significant economic hardship without adequate preparation for the populace. He emphasized that the ADC's priority would be to reduce the cost of living, contrasting this with leaving citizens to face market-driven prices.

The party's proposed approach focuses on subsidizing the production of crude oil to make it available at lower costs to domestic refineries. This strategy aims to ensure the commodity is accessible and affordable for Nigerians, rather than subsidizing the consumption of petrol.

Abdullahi criticized the government's spending priorities, citing the Lagos-Calabar Coastal Highway as an example of a project he deems unnecessary given the widespread economic difficulties. He also called for an economist with appropriate training to manage the nation's economic challenges, suggesting that an accountant's approach differs from an economist's in handling complex economic issues.

The ADC's stance comes amid a dispute over a recent 30-day petrol price discount offered by the Nigerian National Petroleum Company Limited (NNPCL). While the government maintains this is not a return to subsidy, the ADC insists that government intervention is necessary to lower fuel costs, with their proposed model centered on supporting domestic production.

FAQ

What is the ADC's proposed method for lowering petrol prices?: The ADC plans to subsidize the production of crude oil to make it cheaper for domestic refineries, thereby reducing the cost of petrol.
Why does the ADC believe petrol subsidies are necessary?: The party argues that Nigerians are too poor to afford petroleum products at market-driven prices and that the government has a responsibility to protect citizens from economic hardship.