FACT CHECK: Did MBuhari's administration remove diesel subsidy as Garba Shehu claimed? | TheCable
by Chatham House, alluded to the elimination of subsidies for diesel in Nigeria during the Obasanjo regime.
“By most accounts, the Niger Delta has seen a boom in illegal refining since 2009 or early 2010. Likely reasons for this include a more permissive law-enforcement atmosphere following the federal government’s June 2009 declaration of amnesty for Niger Delta militants, the removal of subsidies on diesel during the Obasanjo presidency, and rising local demand,” the report reads., released in May 2023 by PricewaterhouseCoopers , maintained that the diesel subsidy was removed in 2003.
Speaking on the issue, Jide Pratt, country manager, Cotevis Energy, clarified that although the kerosene subsidy was removed during the Buhari administration, diesel subsidy had been scrapped since 2003.“The administration that went to remove that was in 2003. They had been pondering about it since 2000. But what went on was that he kept on adjusting petroleum prices for the three petroleum products .
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