During a television interview, Agada explained that his administration would maintain the removal of the subsidy, a move that led to increased fuel prices and a higher cost of living after its implementation in May 2023. This stance contrasts with some other presidential hopefuls who have called for the subsidy's reinstatement to alleviate economic burdens.
Agada argued that Nigeria's economic difficulties are not solely attributable to the removal of the petrol subsidy. He pointed to issues with how the country manages its oil revenues and the expenses associated with crude oil production.
The YPP candidate plans to scrutinize the Engineering, Procurement, and Construction (EPC) system, which he believes is a significant source of waste and contributes to Nigeria's lower revenue. He suggested that reforms to this system are necessary to address inefficiencies.
While acknowledging both revenue and expenditure challenges, Agada emphasized that inefficient spending is the more critical issue. He believes that improving public expenditure management and closing financial loopholes will be key to resolving the nation's economic problems without reinstating the petrol subsidy.