Buhari blames escalation of subsidies on past govts

ABUJA—President  Muhammadu Buhari, yesterday, accused past administrations of allowing the infrastruc-ture in the oil sector to collapse to enable their cronies steal by importing refined products.

The President, who made the accusation while speaking at a meeting with the Chairman and members of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, lamented “the current situation in which Nigeria is forced to spend billions of Naira annually on alleged subsidies for petroleum products.”

A statement signed by the Senior Special Assistant to President Buhari on Media and Publicity, Mallam Garba Shehu, quoted the President as saying that “the escalation of petroleum subsidy payments over recent years was due to the deliberate neglect of the nation’s refineries, oil pipelines and other related infrastructure to allow the importation of petroleum products and corruption to thrive.”

 

 

 

For the full story, check the Vanguard newspaper.

 

 

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