President Buhari claimed at the time that there was no gasoline subsidy and that the administration at the time, led by President Goodluck Jonathan, was corrupt and was looking for methods to defraud the Nigerian people in order to benefit itself.
Eight years down the line and with just days before the end of his two terms in government, President Buhari is leaving the country with the highest amount spent on subsidizing petrol in Nigeria’s history.
According to oil and gas industry reports conducted by the Nigeria Extractive Industries Transparency Initiative (NEITI), the cost of petrol subsidy from 2015 to 2020 was N1.99 trillion.
