Seyi Makinde, the Oyo State Governor and Presidential candidate of the Allied Peoples Movement (APM), has said Nigeria’s crude oil resources must translate into ‘real and measurable benefit’ for Nigerians, insisting that domestic crude supplied to local refineries should not be priced as though the country does not produce oil.
Makinde spoke on Monday at the inauguration of the APM Presidential campaign office in Abuja, where he also unveiled his ‘Reset Nigeria’ agenda ahead of the 2027 general elections.
He said his position should not be misconstrued as a call for a return to the old petrol subsidy regime, arguing instead that any benefit from Nigeria’s crude production should be transparently reflected in the cost structure of refined petroleum products.
‘If Nigeria produces crude and that crude is supplied domestically to Nigerian refineries, we cannot continue to price that crude as though Nigeria does not produce crude oil,’ Makinde said.
According to him, the government must make the entire petroleum value chain transparent, from crude production and allocation to refining, transportation, distribution, taxes and retail margins.
‘Government must show its workings,’ he said, stressing that Nigerians should know what they are paying for, who receives what and where inefficiencies are responsible for driving up the final cost of petroleum products.
Makinde said the objective of his campaign was to build a citizen-driven movement capable of engaging Nigerians across different sectors rather than relying solely on conventional political structures.
‘This is our country. These are our resources. We count. And together, we will Reset Nigeria,’ he said.
Makinde, maintained that the ultimate strength of his campaign would not be measured by the size of its political machinery but by the number of Nigerians who identify with its message.
‘They may discount one candidate. But they cannot discount millions of Nigerians united behind a better future,’ he said.
Meanwhile, Peter Obi, the presidential candidate of the Nigerian Democratic Congress (NDC), who attended the event, declared that Makinde was qualified to contest the presidency, while urging Nigerians to freely choose their preferred candidate in 2027.
‘Yes, Seyi Makinde is qualified to contest for President,’ Obi said.
He said the essence of the political process should not be desperation for power but the opportunity for Nigerians to make their choice and subsequently unite behind whoever emerges through a credible election.
‘What we are doing today is to show you that, for us, we don’t have desperation. We want the people of Nigeria to make their choice. Whoever they choose, all of us will come together to build a new Nigeria,’ he said.
Obi said Nigeria could no longer afford to continue along its current trajectory, given the worsening economic hardship and insecurity confronting citizens.
‘We can’t all continue the way we are going today. Our people are hungry. Our people are poor. Our people are insecure,’ he said.
He urged politicians to make the 2027 contest about solving Nigeria’s problems rather than personal attacks.
‘We don’t want policies of quarrel, politics of disagreement. Let our quarrel be to feed our people. Let our quarrel be to pull our people out of poverty,’ Obi said.
He added that the goal should be to create a country where social mobility was not determined by connections.
‘We want a Nigeria where a child of nobody can be somebody without knowing anybody,’ he said.
Also, Bala Mohammed, the Bauchi State Governor and APM leader, also threw his weight behind Makinde, warning political opponents against underestimating the party ahead of the 2027 elections.
‘Whoever disregards us is doing it at his own peril,’ Mohammed said.
He described Makinde as ‘one of the best human capital Nigeria has ever produced at the sub-national and national level,’ praising his experience in managing resources and his record as Oyo State governor.
‘He is the mobiliser, the manager of resources, an engineer by excellence, somebody who used little resources and did so much,’ Mohammed said.
The Bauchi governor said Makinde’s background in the oil and gas sector and the private sector, combined with his governance experience, humility and respect for others, made him capable of leading the country.
He also described the APM as a platform capable of providing ‘a new lease of life’ to Nigeria’s leadership.
‘We are here to provide a new lease of life to leadership, where we use it with tact, with intellect, with planning, and deployment of resources, and with accountability,’ he said.
Mohammed said the party’s decision to support a southern presidential candidate was driven by the principles of fairness and rotation, adding that Nigerians would be ‘pleasantly surprised’ by what Makinde could achieve.
He declared the party’s governing philosophy simply as: ‘Nigeria First’.