ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, July 26, 2025
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”.

ADVERTISEMENT
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

New Minimum Age For JSS1 Admission

BREAKING: FG Sets New Minimum Age For JSS1 Admission

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

Northern Emir Is Dead

BREAKING: Popular Northern Emir Is Dead, Cause Of Death Revealed (PHOTO)

Olayemi Cardoso

BREAKING: CBN Governor, Olayemi Cardoso Faces Arrest Over ₦5.2 Trillion Surplus

Subsidy Removal

FLASHBACK: How Buhari Rejected Subsidy Removal Under Jonathan

Aisha Yesufu

Aisha Yesufu Links Reuben Abati To Goodluck Jonathan’s Defeat In 2015 Election

GTBank, UBA, First Bank,

BREAKING: GTBank, UBA, First Bank, 5 Others Meet CBN Recapitalisation (FULL LIST)

Nentawe Yilwatda Biography,

APC National Chairman Nentawe Yilwatda Biography, Age, Career, Family, Education, Controversy

Naira

Dollar To Naira Black Market Exchange Rate Today, 25 July 2025

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Latest Stories

Tinubu

Class of ’99 Governors Urge Tinubu to Establish Cottage Industries, Reject N5,000 Palliatives

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Ahmed Farouk

BREAKING: NMDPRA CEO, Ahmed Farouk Under Fire Over Alleged Misuse of Public Funds

Tinubu, Olamide, 9ice, Bukayo Saka

Lagos Renames Streets After Tinubu, Olamide, 9ice, Bukayo Saka [Full List]

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

Naira

Dollar To Naira Black Market Exchange Rate Today, 26 July 2025

Olayemi Cardoso

BREAKING: CBN Governor, Olayemi Cardoso Faces Arrest Over ₦5.2 Trillion Surplus

WAFCON Final

BREAKING: Tinubu Approves Full Payment of Super Falcons’ Bonuses Ahead of WAFCON Final

UK Doctors

BREAKING: UK Doctors Embark On Strike Despite PM Starmer ’s Plea

AIG Akinwale

AIG Akinwale Decorates 22 Promoted Zone 3 Police Officers

ADVERTISEMENT

NEWSONLINE NIGERIA

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 © 2025 NewsOnline Nigeria

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

Copyright © 2023 Newsonline Nigeria