Why Buhari Chose Not to Remove Fuel Subsidy – Femi Adesina Opens Up - Infopalavanews

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Wednesday, 18 December 2024

Why Buhari Chose Not to Remove Fuel Subsidy – Femi Adesina Opens Up



 Former President Muhammadu Buhari’s decision not to remove fuel subsidies during his tenure was driven by his concern for ordinary Nigerians, according to his ex-Special Adviser on Media and Publicity, Femi Adesina.


Buhari ruled Nigeria between 2015 and 2023.


Adesina described Buhari as “Ore Mekunu,” a Yoruba phrase meaning “friend of the poor,” highlighting his commitment to protecting the masses.


In a tribute to celebrate Buhari’s 82nd birthday, Adesina revealed that the former president consistently prioritized the welfare of Nigerians, even when faced with the task of addressing the country’s economic challenges.


The Big Elephant in the room (was the) removal of fuel subsidy. Did you think the Government didn’t know that the money guzzling monster had to be slain? It knew.


But who ensured that subsidies remained as long as it did? Buhari. And why? The people, the ordinary people. His argument was always simple.


“When oil sold for at least $100 per barrel in the international market, rising even to as high as $140 per barrel, what did the ordinary people gain? Nothing! So why should they be the ones to bear the brunt when oil prices fall?”, Adesina stated.


The removal of fuel subsidy was a contentious issue, with many arguing that it was necessary to stem corruption and reduce the financial burden on the government.


The subvention was however removed by the government of Bola Tinubu, following his inauguration in May 2023. This led to inflation, which has yet to be tamed.


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