Buhari Disappointed In The Way Nigeria’s Oil Industry Was Run, Slams Past Governments For Escalation Of Subsidy


President Muhammadu Buhari has blamed past administrations for the current situation where Nigeria is forced to spend billions of Naira annually on alleged subsidies for petroleum products.

Speaking at a meeting with the Chairman and Members of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), On Tuesday, President Buhari said 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.

He restated his huge disappointment with the way Nigeria’s oil industry has been run since he left office as Petroleum Minister and Military Head of State. He expressed his conviction that if the development of the country’s domestic refining capacity and petroleum products distribution network had kept pace with national demand, there would not have been any need for the huge subsidies currently being paid to importers.

The president, therefore, urged the Chairman of the RMAFC, who availed him of their view on the vexed issued of petroleum subsidy payments, to go “back to the drawing board and come up with more humane proposals to rescue ordinary Nigerians from the wicked manipulation of the country’s oil industry by corrupt operators”.

He also warned that severe sanctions would be visited on any individual or organisation that violates the directive on the payment of all national revenue into the federation account.


  1. It’s not like the previous gov has not been aware of the problem of the subsidy. Jonathan himself considered removing it when he started addressing the poor state of our refineries, but was rebuffed by Nigerians and PMB’s party alike, and so turned to different solutions like oil swaps.

    So while I agree the subsidy is not perfect, I believe it is unfair to charge the Jonathan gov with doing nothing to stop this so-called escalation.