Buhari blows hot again, attacks Jonathan

By Post Nigeria January 29, 2016 18:59

Buhari blows hot again, attacks Jonathan

President Muhammadu Buhari has again decried that former President Goodluck Jonathan’s led Peoples Democratic Party, PDP, squandered the nation’s resources through bogus petroleum subsidy claims.

It could be recalled that the immediate past governor of River State and now Minister of Transportation, Rotimi Amaechi had openly criticised Jonathan of unilaterally increasing the country’s subsidy claim to N1.9trillion.

He said, “The fuel subsidy was N300 billion under former President Olusegun Obasanjo and it remained the same under late President Yar’Adua.

“Within six months under President Jonathan, the fuel subsidy rose from N300 billion to N1.9 trillion. Yet, Jonathan wanted more money for fuel subsidy.

“Is it that the country now doubled its population or bought more machines or started manufacturing? As chairman of Governors Forum, I was in a position to get my share of the N1.9 trillion but I chose the part of honesty and truth, you cannot catch me being dishonest.

“There was a time I walked into a meeting with the president (Goodluck Jonathan) and at the meeting, the argument was that they wanted more money for oil subsidy. As the chairman of Governors Forum, I stood my ground and told the president I was not going to support that.

“He asked me why and I explained that we were already in court on the issue of fuel subsidy. The president abused the hell out of my life. I have huge respect for the president, but the only thing that made me disagree with him was on the issue of the management of the country’s treasury” Ameachi said.

See: Why dwindling oil price is a blessing – Osinbajo

According to Buhari’s Senior Special Assistant on Media and Publicity Garba Shehu, the President while addressing Nigerians living in Nairobi, Kenya lamented that about a third of petroleum subsidy payments under Jonathan’s administration was bogus.

“They just stamped papers and collected our foreign exchange”. He said

Speaking on his administration’s determination to get it right, Buhari said “We will use our foreign exchange for industry, spare parts and the development of needed infrastructure”.

He however reiterated his unending resolve that his government will not in any way devalue the naira, likening devaluation of the Naira to having it “killed”.

On the activities of Bureau de Change, BDCs, operators, he decried that their activities has become a scam and a drain on the economy.

“We had just 74 of the bureaux in 2005, now they have grown to about 2, 800,” Buhari noted.

“We don’t have the dollars to give to the BDCs. Let them go and get it from wherever they can, other than the Central Bank.”

See: Why BDCs, subsidy payments could harm Buhari administration

Post-Nigeria earlier reported that Buhari had on December 1, 2015 passed a total sum of N574, 532,726,857 as supplementary budget to compensate oil marketers for the debt owed.

The decision raised a lot of dust as a cross session of Nigerians regarded the budget as fraud lamenting that Buhari had joined the bandwagon in the subsidy payment scam.

In a bid to clear the air, the President said his government was no longer subsidizing petrol as the consistent fall in oil price has naturally save his administration the huge debt.

See: SHOCK: Buhari approves fraudulent petroleum payments