ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, August 20, 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

Ann Mbene, founder and weight loss consultant at HueBeautyGlam

Ann Mbene On Breaking The Weight Loss Stigma in Nigeria

Baltasar Engonga Wife Video Knacking Another Man

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

Abel Enitan

BREAKING: Tinubu Appoints Abel Enitan as New Head of Civil Service of the Federation

Canada

Canada Invites 1,000 Express Entry Candidates to Apply for Permanent Residence

NELFUND Student Loans

Tinubu Directs EFCC Recoveries, Unclaimed Dividends to Fund NELFUND Student Loans

JAMB Past Questions

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

FG ₦50m Loan to Build

How To Apply For FG ₦50m Loan to Build, Buy House at 6% Interest

Onaiyekan

Onaiyekan Defies Presidency, Says ‘I’m Not Afraid of Anybody’ Over Tinubu Meeting Remarks

Osasikemwen Ighile

Five Practical Holiday Saving Habits for Nigerian Households By Osasikemwen Ighile

Latest Stories

NELFUND Student Loans

Tinubu Directs EFCC Recoveries, Unclaimed Dividends to Fund NELFUND Student Loans

Onaiyekan

Onaiyekan Defies Presidency, Says ‘I’m Not Afraid of Anybody’ Over Tinubu Meeting Remarks

Canada

Canada Invites 1,000 Express Entry Candidates to Apply for Permanent Residence

South Africa

BREAKING: FG Orders South Africa to End Xenophobic Attacks Against Nigerians

Abel Enitan

BREAKING: Tinubu Appoints Abel Enitan as New Head of Civil Service of the Federation

Osasikemwen Ighile

Five Practical Holiday Saving Habits for Nigerian Households By Osasikemwen Ighile

Ann Mbene, founder and weight loss consultant at HueBeautyGlam

Ann Mbene On Breaking The Weight Loss Stigma in Nigeria

Zenith Bank

Zenith Bank Hosts 10th Non-Oil Export Seminar August 25, Unveils Global Speakers

US Judge

BREAKING: US Judge Sets August 21 Deadline in Tinubu Records FOIA Case

FCT Minister Wike

FCT Minister Wike Reveals Why Adeleke Won Osun Governorship Election

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