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I delayed petrol subsidy removal to allow Tinubu, APC win election — Buhari
Politics

I delayed petrol subsidy removal to allow Tinubu, APC win election — Buhari

Former President Muhammadu Buhari, on Monday, broke his silence on the petrol subsidy removal ‘challenge’ that he left for his successor, Bola Tinubu, saying had the policy been implemented, the

  • PublishedJune 27, 2023

Former President Muhammadu Buhari, on Monday, broke his silence on the petrol subsidy removal ‘challenge’ that he left for his successor, Bola Tinubu, saying had the policy been implemented, the All Progressives Congress, APC, and Tinubu would have lost the last general polls.

The statement, according to Shehu, was in response to persistent queries by some critics who have questioned why it took Tinubu only weeks to remove the petrol subsidy, whereas Buhari didn’t do so for several years.

According to him, successive polls indicated that the ruling party would have lost the 2023 election if the Petroleum Industry Act, containing the petrol subsidy removal, was implemented before then.

In the statement titled “Buhari didn’t fail to remove subsidy”, Shehu wrote: “Why did it take the new Tinubu/ Shettima presidency weeks to remove the petrol subsidy when Buhari didn’t do so for years, fails to ask the right question.

“The massive electricity subsidy. The fraudulent fertilizer subsidy. Hajj/Christian pilgrim subsidies. Remember them?

“The diesel subsidy. The aviation fuel subsidy. LPFO. Kerosene. Cooking gas and the other subsidy policies we found in place, and put them firmly on the ground. Remember them?

“For those with short memories, many of those subsidies were all in place when President Buhari was elected to office in 2015: all those in place were gone by May 2023 – including the annual fertilizer subsidy that weighed 60-100 billion Naira (that’s trillion naira in about 10 years – yes you read that right) heavy on the federal budget each year.

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“So no, Buhari didn’t remove the petrol subsidy – but in vitally important stages he removed every other budget-busting, egregious, economic-growth-crushing subsidy along the way.

“So far I have refrained from answering these repeated questions on the removal in Nigeria of subsidies on Premium Motor Spirit, PMS, and that arising from the dual rates of the Naira in the Central Bank and the parallel market: Why did Buhari ‘fail’ to do these?

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