Seyi Makinde, Governor of Oyo State and presidential candidate of the Allied Peoples Movement, has announced that he will not reinstate fuel subsidies if elected. Instead, he has proposed an alternative plan to provide benefits to Nigerians. Makinde's plan involves providing domestic refineries with crude oil at a preferential price, allowing local communities to benefit from their resources without incurring high costs.

Makinde's approach aims to build advantages into the initial supply price, avoiding cost inefficiencies and distortion. He recently discussed the petrol pricing framework, prompting questions about his plans.

Further details about Makinde's alternative plan are available from the source.