ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, July 28, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

FLASHBACK: How Buhari Rejected Subsidy Removal Under Jonathan

by NewsOnline Nigeria
November 29, 2021
in Economy And Business, Headline
0
Subsidy Removal

Details of how President Buhari rejected subsidy removal under Former President Jonathan can be read below.

 

Newsonline reports that the Federal Government has fixed a June deadline for the final removal of petrol subsidy.

 

ALSO: Manchester United Officially Announce Ralf Rangnick As New Manager

 

This online newspaper recalls that during a World Bank programme last week, Zainab Ahmed, Minister of Finance and Budget planning, laid out the plans for subsidy removal.

 

But 10 years ago, Buhari had criticised ex-President Goodluck Jonathan over the attempt to remove subsidy, describing the move as unpopular.

 

In a statement, the late Yinka Odumakin, who was his spokesman, issued on his behalf, Buhari had said the sharp practices that characterise the importation of petroleum products suggest that the deplorable state of Nigeria’s refineries is deliberate sabotage.

 

SEE ALSO: Woman Ingested 80 Pellets Of Cocaine To Afford IVF Treatment – NDLEA

 

During his speech at the 17th Nigerian Economic Summit (NSE) in Abuja, President Goodluck Jonathan had said Buhari was favourably disposed to the planned removal of subsidy.

 

“I can now appreciate people like Buhari, who in terms of politics was my major competitor, he is the only one person who has come up clearly that the issue of subsidizing petroleum products is a fraud. He is not playing politics with the development and future of Nigeria,” the President was reported to have said.

 

But Buhari denied taking such a stand, insisting that most of the elements that go into “what is called subsidy” is the cost of corruption in the opaque business of oil importation.

 

 

He said as a man who has stood against corruption in both private and public spheres, he could not lend his support to a “measure that aids corruption and further impoverishes the people as all the Federal Government wants to do is to jerk up pump prices”.

Previous Post

Woman Ingested 80 Pellets Of Cocaine To Afford IVF Treatment – NDLEA

Next Post

Black Market Dollar To Naira Exchange Rate Today 29th November 2021

Next Post
naira

Black Market Dollar To Naira Exchange Rate Today 29th November 2021

Trending Stories

Subsidy Removal

FLASHBACK: How Buhari Rejected Subsidy Removal Under Jonathan

Baltasar Engonga Wife Video Knacking Another Man

Watch Full Baltasar Engonga Wife Video Knacking Another Man [#BaltasarEngonga]

Balthazar Video Telegram

Direct Link To Watch All Baltasar Engonga 400 Videos With Government Officials Wives

Ifunanya Lawyer Leaked Video

Ifunanya Lawyer Leaked Video Goes Viral On Twitter, Reddit, Instagram, Youtube

INEC

INEC Opens 2026 Recruitment Portal, Invites Applications for Entry-Level Jobs

Awele Elumelu

Awele Elumelu Encourages Young Africans to Pursue Excellence and Global Success

Ifunanya Lawyer Biography

Ifunanya Lawyer Biography, Photos, Nudes Videos, Age, Instagram, Controversy

cash transfer

BREAKING: CBN Begins Cash Transfer of N25,000 to 15 million with NIN, BVN

Henry Obiekea

How Nigeria’s Banking Sector Can Maximise the Benefits of Recapitalisation By Henry Obiekea

BF Video Ideas 2024

Top 10 Best BF Video Ideas 2024 And GF Video Ideas Trending Worldwide

Latest Stories

Awele Elumelu

Awele Elumelu Encourages Young Africans to Pursue Excellence and Global Success

Henry Obiekea

How Nigeria’s Banking Sector Can Maximise the Benefits of Recapitalisation By Henry Obiekea

US Lobbying Firm

US Lobbying Firm Hired by Atiku Labels Tinubu a ‘Threat’ to Nigeria, US Interests

Enugu Air Aircraft

Enugu Air Aircraft Veers Off Runway at Benin Airport, NSIB Launches Investigation

Nigerian Army

Tinubu Approves Expansion of Nigerian Army to 12 Divisions, Orders Recruitment of 20,000 Soldiers

CBN

CBN Fails to Publish Annual Financial Statements Since 2022 Despite Legal Requirement

Abacha

Ex-DSS Officer Claims Abacha Died During Intimate Encounter, Reveals Woman’s Alleged Confession in New Memoir

Oyo School Kidnap Suspects

BREAKING: Court Sentences Three Oyo School Kidnap Suspects to Life Imprisonment for Terrorism Links

2Baba

2Baba Breaks Silence on Viral Reunion Video With Ex-Wife Annie Idibia

Tinubu Drug Allegation Documents

Tinubu Drug Allegation Documents Sent to Trump Administration by Atiku-Hired US Firm

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria