Economy And Business

FLASHBACK: How Buhari Rejected Subsidy Removal Under Jonathan

Advertisement
Advertisement

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
NewsOnline Nigeria

Recent Posts

  • Headline

BREAKING: FG Orders Julius Berger To Vacate Abuja-Kano Road Project

FG has ordered Julius Berger to vacate Abuja-Kano Road Project.   NewsOnline Nigeria reports that…

44 mins ago
  • Crime Watch
  • Headline

BREAKING: New Terrorist Group, LAKURAWAS Springs Up In North

A new Terrorist Group, LAKURAWAS has sprung up in the North.   NewsOnline Nigeria reports…

53 mins ago
  • Headline
  • World

BREAKING: First US Presidential Election Result Emerges

The first US Presidential Election Result has emerged.   NewsOnline Nigeria reports that voting in…

1 hour ago
  • Crime Watch
  • Headline

BREAKING: FG Releases Minors Charged With Treason For Protesting Against Hunger

FG has released minors charged with treason for protesting against hunger in Northern Nigeria.  …

1 hour ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th November 2024

The black market dollar to Naira exchange rate on Tuesday 5th November 2024 can be…

1 hour ago
  • Headline

BREAKING: President Tinubu Makes Two Important Appointments (FULL LIST)

President Tinubu has made two important appointments.   NewsOnline Nigeria reports that President Bola Tinubu…

14 hours ago