ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, July 12, 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

Baltasar Engonga Wife Video Knacking Another Man

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

CAC

CAC Login Portal for Fee Business Registration – www.pre.cac.gov.ng

Subsidy Removal

FLASHBACK: How Buhari Rejected Subsidy Removal Under Jonathan

Jass Param Kaur Viral Video

WATCH Jass Param Kaur Viral Video Trending On Twitter, YouTube And Reddit

Petrol Price

Petrol Price Falls by Up to ₦167 Per Litre as Crude Oil Declines, More Reductions Expected

Tinubu

Tinubu Hails Rescue of Abducted Oyo Pupils, Teachers, Says Terrorists Neutralised and Eight Arrested

Gossipers By Gszaga

Download Trending TikTok Song, Gossipers By Gszaga (Official MP3)

Chrisland Schools

Chrisland School Obtains CCTV Video Of What Happened In Dubai Hotel

Notti Osama Video Footage

WATCH Notti Osama Video Footage Of Death On Tiktok, Twitter, & Reddit

Providus Bank Customers

Providus Bank Customers Threaten Mass Exit Over Alleged Unauthorised Card Transactions

Latest Stories

2027 Presidential, NASS Candidates

BREAKING: INEC Extends Deadline for Submission of 2027 Presidential, NASS Candidates

Tinubu's 2027 Campaign

BREAKING: INEC Sued Over ₦800bn Diversion by APC Governors for Tinubu’s 2027 Campaign

Daniel Bwala

Daniel Bwala Mocks Peter Obi, Calls Him ‘Miracle Centre Presidential Candidate’ Over Umahi Debate Comment

Petrol Price

Petrol Price Falls by Up to ₦167 Per Litre as Crude Oil Declines, More Reductions Expected

Muslim-Muslim Ticket

2027: APC Chieftain Vatsa Warns Tinubu Against Muslim-Muslim Ticket, Says Christians May Reject APC

European Parliament

European Parliament Urges Tinubu to Tackle Insecurity, Condemns Killings in Plateau Communities

VP Shettima

BREAKING: Kwankwaso Supports Tinubu’s Retention of VP Shettima For 2027 Election

Providus Bank Customers

Providus Bank Customers Threaten Mass Exit Over Alleged Unauthorised Card Transactions

Festus Edovia

Nothing Is Permanent: When Time Calls, No One Can Resist By Festus Edovia

Public Trust

Scandal Without End: Is This Administration Losing Public Trust? By Festus Edovia

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