₦airaland Forum

STATEHOUSE PRESS RELEASE --Bayo Onanuga

Nigerians cannot afford another opaque and potentially costly subsidy regime dressed up in new language.

The former vice-president should be honest with Nigerians: either he has a coherent, costed, and workable petroleum policy, or he is simply playing politics with a policy that has significantly restored fiscal health to the three tiers of government and stabilised the macroeconomic environment.

The economy is too serious for policy somersaults, incoherence, destructive populism and election gimmicks.

Atiku says his subsidy will follow the barrel of crude. Is he aware that refined petrol only constitutes 45 per cent of the by-products of a refined barrel of crude? A barrel yields other products, such as aviation fuel, kerosene, and diesel, which were deregulated many years ago.

Diesel, which the Obasanjo-Atiku administration deregulated in 2004, accounts for roughly 25% of the barrel. Jet Fuel and Kerosene make up about 9% of the barrel. Kerosene and jet fuel were deregulated in 2009, and subsidies removed in 2016.

About 10% to 15% of the barrel creates base ingredients for synthetic rubber, nylon, polyester, and plastics used in everyday goods like toothbrushes, cups, and packaging.

Asphalt makes up about 2% to 4% of the barrel. Hydrocarbon Gas Liquids (HGL), like propane and butane, make up about 4%. Lubricants and Waxes constitute about 1% to 2%. Petroleum coke and sulfur form the solid residue left from refining.

Will Atiku subsidise all these by-products of the barrel as well, since kerosene is used by the underprivileged to cook, and many homes and factories use diesel to power generators and delivery trucks? And will he allow the refineries he will supply discounted crude oil to profit from 55 per cent of the by-products, while focusing subsidy only on petrol, his obsession?

The former Vice President is definitely suffering from a lack of basic understanding of his newfound policy prescription.

Bayo Onanuga
Special Adviser to the President
(Information and Strategy)

August 26, 2026


Source

Summary.

1. Bayo Onanuga takes a swipe on Atiku's proposed plan to sell crude at discounted price to local refineries.

2. Onanuga explains that apart from petrol, there are other products from crude oil.

3. He asked if Atiku intends to subsidize the by-products as well.

4. He rounded up by saying Atiku lacked an understanding of his policy direction.

Yesterday, Atiku disowned Paul Ibe for saying Atiku intended to reintroduce and withdraw subsidy after some time. Atiku insisted he was bringing back subsidy. Kenneth Okonkwo had said Atiku did not believe subsidy should exist since oil is our product.

Atiku and his team have not properly articulated this subsidy talk. In my view, they should drop it. Atiku is not exactly someone trustworthy. He has been in government and his records on privatisation, power sector reforms, and economy are extremely poor.

Nigerians are already dealing with Atiku.

The opposition in general have been struggling to find what to use against this government.

Poor them

Wailers on the beat. Tinubu failed his generation.

Let Tinubu come debate Atiku again that Old man.

I am a Tinubu supporter but I hate Onannuga or whatever.


He gives people unnecessary relevance.


When Atiku replies,he will attack the president not him.

Atiku will just be feeling himself while attacking the president as if them be mate

emkz:
STATEHOUSE PRESS RELEASE --Bayo Onanuga



Bayo Onanuga
Special Adviser to the President
(Information and Strategy)

August 26, 2026


Source

It be like say, Bayo Onanuga na de de facto president of Nigeria.

Onanuga removed subsidy

But borrowed more than Jonathan who was paying subsidy

Tinubu administration is a fraud

“Earlier, one of my Press Aides contradicted me in a policy statement as far as subsidy is concerned. I want to repeat categorically that when I said I would return to Subsidy, I will! Nigeria is rich enough to look after the welfare of its citizens. Let it be clearly stated that… pic.twitter.com/GNSSLsPNEB

— Royalty E. Uso (@royaltyuso) August 25, 2026

emkz:
Yesterday, Atiku disowned Paul Ibr for saying Atiku intended to reintroduce and withdraw subsidy after some time. Atiku insisted he was bringing back subsidy. Kenneth Okonkwo had said Atiku did not believe subsidy should exist since it is our product.

Atiku and his team have not properly articulated this subsidy talk. In my view, they should drop it. Atiku is not exactlu someone trustworthy. He has been in government and his records on privatisation, power sector reforms, and economy are extremely poor.

Amaechi also took a different position but it's good that he is taking a stance and standing by it. I want all Presidential candidates to speak for themsleves and to their policies, not aides or spokesmen trying to interpret for us what another man thinks and says. They did this for Buhari and it landed us in a mess. Listen to Amaechi saying he won't bring it back 👇


https://www.tiktok.com/video/7638716342626995477

Blasting as how
As furnace or as loudspeaker
Onanuga should sit this out

I believe when the time comes you will tell Nigerians what Tinubu has done with the subsidy savings,by then,you all will know what's up.

No be now that you are yabbing your mouth

My question again is......
(1) What have you used the trillions derived from subsidy removal for??

(2) What has been the gains of Nigerians from the subsidy removal??



UNAM IKOT

They are so scared because the tap is about to be turned off.

Basic123:
I am a Tinubu supporter but I hate Onannuga or whatever.


He gives people unnecessary relevance.


When Atiku replies,he will attack the president not him.

Atiku will just be feeling himself while attacking the president as if them be mate

How can someone be a Tinubu supporter

make it make sense nah

helinues:
Nigerians are already dealing with Atiku.

The opposition in general have been struggling to find what to use against this government.

Poor them

APC is in jittery mode...

I like the way Atiku is attacking APC weakest point

The gap between macroeconomic reform and the everyday experience of ordinary Nigerians.

“If subsidy removal was supposed to free resources for Nigerians, where is the improvement in their purchasing power?”

APC go explain tire

With the explanation that crude will be given to indigenous companies to refine and sell at subsidized price for the citizens, that makes sense to me. I don't know why we export crude and also import the products when we have companies that can refine and make it available for us and then all those economics English now enter to deceive us.

Ononuga amu. U and ur master na buhari

The president has used his greedy politics to destroy the advantage of the subsidy.

Bcus he want second time, he overlooked state governors looting those billions every month.
And anyone who didn't fall in his book will be like EFFC to checkmate.
Even the billions generated from tax. Dashed out toward national cake sharing.
Too much of anything is bad

This Onanuga, you will surely get a good response from Atiku very soon.

The attack dogs are only good at barking 😂



Tinupoo's dogs

Oga, you'll be jobless next year

Why the fixation with Atiku's subsidy proposal? It's his prerogative and yours is to counter and not 'blast'

Is Tinubu honest with Nigerians?

Tooreda:
Wailers on the beat. Tinubu failed his generation.

This is not wailing. This is policy reply based on sound technical knowledge.

Atiku didn't think these through. All his life he worked in customs collecting bribe. His educational training is one Arabic studies. He has no knowledge of the workings of the petroleum industry. Nigerians can now see that it's easy to make chochocho against a government but to provide solid workable alternative is very difficult.

emkz:
STATEHOUSE PRESS RELEASE --Bayo Onanuga



Bayo Onanuga
Special Adviser to the President
(Information and Strategy)

August 26, 2026


Source

Which less privileged use keeosine to cook? Factories use diesel? Are the factories less privileged too? This is a f**l talking, let's ignore him

Such a shameless man.

This is a MAN with serious ties to PM NEWS, that is a SOLID propaganda platform, for pushing absolute lies.

He is busy insulting everybody and those supporting TINUBU haven't called him to other. If this man is very vocal like this, as a KNOWN failure, why not make him the MINISTER Of information?

Anyway. His constant barking and fake news outbursts have exposed him as a failure in all ramifications.

It also shows that , they know that people dont regard the failure called TINUBU.

Such a disgrace

Stop the BLASTS.Allow Pspa ATIKU/PAPA OSELOKA to entertain us

was obasanjo not paying subsidy? were we owing ? no. were we in debt? no.were we borrowing ? no . life was easy. borrow borrow with removal of subsidy we no dey see the money

emkz:
Yesterday, Atiku disowned Paul Ibr for saying Atiku intended to reintroduce and withdraw subsidy after some time. Atiku insisted he was bringing back subsidy. Kenneth Okonkwo had said Atiku did not believe subsidy should exist since it is our product.

Atiku and his team have not properly articulated this subsidy talk. In my view, they should drop it. Atiku is not exactlu someone trustworthy. He has been in government and his records on privatisation, power sector reforms, and economy are extremely poor.

Is tinubu trustworthy?

A common drug dealer.

tinubu is no different from hushpuppy.

emkz:
STATEHOUSE PRESS RELEASE --Bayo Onanuga



Bayo Onanuga
Special Adviser to the President
(Information and Strategy)

August 26, 2026


Source

Atiku really threatened APC with that subsidy statement, they are now running helter skelter because they don't want to lose source of big income. Subsidy must be restored so that Common can benefit directly

emkz:
STATEHOUSE PRESS RELEASE --Bayo Onanuga



Bayo Onanuga
Special Adviser to the President
(Information and Strategy)

August 26, 2026


Source

Atiku really threatened APC with that subsidy statement, they are now running helter skelter because they don't want to lose source of big income. Subsidy must be restored so that Common man can benefit directly.

Onanuga, the shameless reactor. You were once with the masses, but since bababan BARAWOO, show you the kudi, you left the masses, begin yarn YAYANPOO!