{"id":129525,"date":"2026-09-18T16:16:39","date_gmt":"2026-09-18T15:16:39","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=129525"},"modified":"2026-09-18T16:16:39","modified_gmt":"2026-09-18T15:16:39","slug":"good-policies-not-palliatives-will-restore-nigerians-purchasing-power-atiku-tells-tinubu","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/good-policies-not-palliatives-will-restore-nigerians-purchasing-power-atiku-tells-tinubu\/","title":{"rendered":"Good Policies, Not Palliatives, Will Restore Nigerians\u2019 Purchasing Power, Atiku Tells Tinubu"},"content":{"rendered":"<div style=\"text-align: justify;\">By Tracy Moses<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Former Vice President Atiku Abubakar has urged President Bola Tinubu to focus on policies capable of restoring Nigerians\u2019 purchasing power, arguing that palliatives such as food distribution and cash transfers cannot provide a lasting solution to the country\u2019s economic hardship.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku made the call on Friday in Abuja during a national address on fuel prices, palliatives and the rising cost of living.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He challenged the Federal Government to take measures that would reduce the financial burden on households, workers, farmers and businesses.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He urged the administration to use what its remaining eight months in office to deliver tangible relief to Nigerians, rather than rely on emergency interventions to cushion the effects of policies that have increased the cost of living.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to Atiku, the removal of the petrol subsidy on May 29, 2023, has had consequences beyond the pump price of petrol, affecting transportation, food prices, agricultural production, business operations and household incomes.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cWhen petrol becomes expensive, transportation becomes expensive. When transportation becomes expensive, food becomes expensive,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku said farmers now spend more to transport their produce, traders incur higher costs restocking their businesses, while workers spend more commuting to their workplaces.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Businesses, he added, are also facing increased logistics and energy costs, with the additional expenses ultimately passed on to consumers.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cIn the end, the Nigerian family receives the bill,\u201d Atiku said, stressing that \u201cwhen government makes energy expensive, it makes life expensive.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He argued that the impact of economic policies should be measured not only by government revenues or headline growth figures, but also by the ability of ordinary Nigerians to afford basic necessities.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cGovernment celebrates GDP growth, higher revenues and bigger allocations. But Nigerians judge the economy by what their money can buy,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cIf government receives more naira while the citizen\u2019s naira buys less food, less fuel, less electricity and less transportation, then bigger government revenues mean little to the family struggling to survive.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku said economic growth would have greater meaning when it translated into stronger purchasing power, increased production, employment opportunities and improved living standards.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He urged Tinubu to reconsider his approach to petrol pricing and adopt measures capable of reducing pressure on consumers.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku recalled that when he previously advocated government intervention to moderate petrol prices, Tinubu dismissed the proposal as evidence of \u201cserious ignorance\u201d of governance and the economy.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He challenged the President to reconsider that position in view of concerns raised by organised labour, petroleum marketers, manufacturers and millions of Nigerians over the rising cost of living.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cMy dear Bola, events since then have raised a simple question,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He asked: \u201cIs the Nigeria Labour Congress also ignorant when it calls for urgent intervention to cushion workers from rising petrol prices?<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cAre petroleum marketers ignorant when they call for policies that strengthen domestic refining and help moderate pump prices?<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cAre Nigerian manufacturers ignorant when they warn that power-related expenses now consume more than half of operating costs?<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cAnd are the millions of Nigerians crying out because they can no longer afford transportation, food and other basic necessities also ignorant?\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku said the government should listen to those directly affected by its economic policies, stressing that leadership required the willingness to acknowledge when policies were producing unintended consequences.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He also appealed to Tinubu to adopt his proposal on fuel intervention regardless of its political origin.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cBola Tinubu should not be ashamed to do what is necessary to lower the price of petrol simply because Atiku Abubakar proposed a government intervention,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cHe should just take the idea. Rename it if he wishes. And even take the credit. What matters to me is that Nigerians pay less.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to Atiku, political differences should not prevent the government from implementing policies that could improve the welfare of Nigerians.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cA sensible idea does not become a bad idea because it came from your opponent,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The former vice president also criticised the Federal Government\u2019s reliance on palliatives, saying such interventions could provide temporary relief but could not resolve the structural causes of economic hardship.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cDo not make life unbearable and then distribute bags of rice as evidence of compassion,\u201d Atiku said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cDo not break a man\u2019s legs, hand him crutches and demand applause for providing mobility.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added: \u201cA bag of rice cannot repair an economy in which transportation costs outrun salaries.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cA cash transfer cannot permanently compensate a worker whose income is continuously eroded by energy costs.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cPalliatives manage pain. Good policy addresses the source of the pain.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku further warned against repeating what he described as the mistakes associated with petrol subsidy removal as electricity subsidies are phased out.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He said rising electricity costs would have consequences for households, artisans, small businesses and manufacturers, many of whom depend on electricity and alternative sources of power to operate.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe barber needs electricity for his clippers. The tailor needs it for her machines. The frozen-food seller needs it to preserve her stock. The welder needs it for his equipment. The manufacturer needs it to keep the factory alive,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe lesson of petrol must not be repeated with electricity.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He urged the administration to avoid imposing additional economic pressure on Nigerians before seeking ways to mitigate the consequences.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cDo not remove first and think later. Do not impose the pain first and search for palliatives afterwards,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku said the remaining months of Tinubu\u2019s administration could still make a significant difference to Nigerians despite the relatively short period.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cEight months may sound short inside Aso Rock. But eight months is a very long time when you are living from hand to mouth,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He also offered to provide the administration with a framework and technical input on measures that could reduce the economic burden on Nigerians.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cIf you need the framework, I will provide it. Implement it under your government. Give it whatever name you choose. Take the credit,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cI ask for only one thing: Let Nigerians breathe.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Looking ahead to the 2027 election, Atiku said that if elected president, he would introduce a transparent production subsidy for petroleum products refined in Nigeria and sold to Nigerians.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He said the proposed policy would be designed to reduce the cost of locally refined petroleum products while encouraging domestic refining and production.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cOnly products confirmed to be refined in Nigeria will qualify. Imported products will not,\u201d Atiku said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added that the programme would have a fixed spending limit, require National Assembly approval and be subjected to independent audits to ensure transparency and accountability.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Atiku illustrated the principle behind the proposal with domestic rice production, arguing that targeted government support could reduce production costs, make the final product more affordable, stimulate demand for local agricultural inputs and create employment.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThat means cheaper rice for families, more business for farmers and more jobs for Nigerians,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He reiterated his appeal to Tinubu to use the remaining period of his administration to reduce the cost of living and improve Nigerians\u2019 purchasing power.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cI am prepared to compete with you politically. But I will never compete with the welfare of the Nigerian people,\u201d Atiku said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe presidency may be contested. The wellbeing of Nigerians should never be.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He said his objective was to build an economy where growth translates into increased production, jobs, stronger purchasing power and improved living standards.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cUltimately, Nigerians do not live on statistics. They live on what their hard-earned money can buy,\u201d Atiku said.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Tracy Moses Former Vice President Atiku Abubakar has urged President Bola Tinubu to focus on policies capable of restoring Nigerians\u2019 purchasing power, arguing that palliatives such as food distribution&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":129526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-129525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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