President Muhammadu Buhari has accused previous governments of using fuel subsidy as a means of compensating their corrupt allies.
The President made the accusation while speaking at a meeting with the Chairman and members of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC. He 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”.
”They allowed the infrastructure to collapse so that their cronies can steal by bringing in refined products from overseas”.
He President the chairman and members of RMAFC, who availed him of their view on the vexed issued of petroleum subsidy payments, to go “back to the drawing board.”
