ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, September 1, 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
ADVERTISEMENT
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

OPay

BREAKING: OPay Debunks Viral September Shutdown Notice, Assures Customers of Uninterrupted Services

9th Impact Investing Summit

IIF to Host 9th Impact Investing Summit on Unlocking Institutional Capital for Nigeria’s Economy

Baltasar Engonga Wife Video Knacking Another Man

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

FairMoney

FairMoney Embeds Consumer Protection, Regulatory Compliance into Digital Banking

Balthazar Video Telegram

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

Oluwole Afolabi

President Tinubu’s Lawyer, Oluwole Afolabi, 86 Others Shortlisted For SAN (FULL LIST)

JAMB Past Questions

Download JAMB Past Questions & Answers PDF From 1983 Till Date [All Subjects]

Ifunanya Lawyer Leaked Video

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

PalmPay

PalmPay Denies Unlawful ₦750m Debit from Kudiwave, Cites Federal High Court Order

Latest Stories

Duane ‘Keffe D’ Davis

Duane ‘Keffe D’ Davis Found Guilty of Tupac Shakur’s 1996 Murder

OPay

OPay Threatens Legal Action Against X User Over Fake September Shutdown Claim

9th Impact Investing Summit

IIF to Host 9th Impact Investing Summit on Unlocking Institutional Capital for Nigeria’s Economy

OPay

BREAKING: OPay Debunks Viral September Shutdown Notice, Assures Customers of Uninterrupted Services

Access Bank

Access Bank Under Fire as Customer Alleges Mysterious Disappearance of ₦3m Savings

FRSC

FRSC Promotes 104 Personnel, Charges Them on Professionalism

FairMoney

FairMoney Embeds Consumer Protection, Regulatory Compliance into Digital Banking

2027 Election

2027 Election: Six Opposition Parties Fix August 31 Summit to Discuss Alliance Against Tinubu

Champions League Draw

Champions League Draw: Full Fixtures for Arsenal, Man City, Liverpool, Barcelona, Real Madrid

OPay

BREAKING: OPay Plans NGX Listing as Fintech Targets $4bn Valuation

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