Dr. Peter Agada, the presidential candidate of the Young Progressives Party (YPP) for the 2027 general elections, has explicitly ruled out restoring the petrol subsidy regime if elected, declaring that he will retain the policy introduced by President Bola Tinubu.
​Agada made these remarks on Friday, October 16, 2026, during a live broadcast on Channels Television’s flagship political programme, Politics Today, hosted by anchor Donatus Anichukwueze.
​Speaking during the evening segment aired from the television network’s studio in Abuja, the YPP standard-bearer emphasized that reversing the subsidy removal would be economically unsustainable for the nation.
​”I will stick to the gun with the present administration. We will remove subsidy the way they have done,” Agada stated.
​While endorsing the deregulaton policy, the YPP presidential candidate argued that Nigeria’s primary economic hardship stems from public expenditure inefficiencies rather than purely revenue shortfalls. He pointed out that the mismanagement of crude oil resources and high deduction costs prior to revenue remissions to the Federal Account significantly hamper government finances.
​Agada outlined that a YPP-led administration in 2027 would prioritize structural governance reforms, curtailing wasteful government spending, and plugging fiscal leakages to improve economic outcomes for citizens.
​In a post-broadcast press statement released in Abuja, YPP National Publicity Secretary, Egbeola Wale Martins, echoed Agada’s position, asserting that the party’s economic roadmap focuses on fiscal discipline and sustainable development rather than political populism.
​Similarly, the Director of Media and Communications for the Peter Agada Presidential Campaign Organisation, Dr. Lawrence Agbo, noted that the candidate’s platform seeks to offer pragmatic economic solutions that address the root causes of inflation, exchange rate volatility, and public waste.
