President Bola Tinubu would have lost the 2023 presidential election if his predecessor had removed fuel subsidy, according to Garb Shehu, spokesman of ex-President Muhammadu Buhari.
The incumbent president removed subsidy on his first day in office, an action that has fetched him commendations far and wide.
Addressing some Nigerians based in France during his recent trip to Paris for a summit, Tinubu had said lack of courage allowed the subsidy regime linger.
“I have achieved my aim. Making just a few smugglers rich. Some countries were bleeding us. Courage was missing. sometimes, I became an advocate of it. Remove this thing but God gave me the opportunity when I danced around, strategize with my team, we won the presidency.”
“I brought it. I won. We must achieve with it. We must change Nigeria with it. And then Wale Edun and co, we started debating, putting my speech together without the question on subsidy. I got to the podium, I was possessed with courage and I said subsidy is gone,” Tinubu had said.
But in a statement on Monday, Shehu defended Buhari’s action, saying he did not toe that path in order to avoid the All Progressives Congress (APC) losing the February 25 election.
Shehu said there were multiple subsidies that the Buhari administration inherited in 2015, but they were gone before he handed over power.
“Why did it take the new Tinubu/ Shettima presidency weeks to remove the petrol subsidy when Buhari didn’t do so for years fails to ask the right question. The massive electricity subsidy. The fraudulent fertilizer subsidy. Hajj/Christian Pilgrim subsidies. Remember them?”
“The diesel subsidy. The aviation fuel subsidy. LPFO. Kerosene. Cooking gas and the other subsidy policies we found in place, and put them firmly on the ground. Remember them?
“For those with short memories, many of those subsides were all in place when president Buhari was elected to office in 2015: all those in place were gone by May 2023 – including the annual fertilizer subsidy that weighed 60-100 billion Naira (that’s trillion naira in about 10 years – yes you read that right) heavy on the federal budget each year.
“So no, Buhari didn’t remove the petrol subsidy – but in vitally important stages he removed every other budget-busting, egregious, economic-growth-crushing subsidy along the way.
“So far I have refrained from answering these repeated questions on the removal in Nigeria of subsidies on Premium Motor Spirit, PMS and that arising from the dual rates of the Naira in the Central Bank and the parallel market: Why did Buhari “fail” to do these?
“First of all, my thinking is that instead of the former President answering this question, it is the Party, the All Progressives Congress, APC that is best suited to speak and failing to do this, we are forced to say what will follow here.
“Secondly, we are mindful of the fact that with a Tinubu/Shettima presidency now in place and for which there is a “New Sheriff in Town.”
“We do not want to distract them from the onerous tasks facing them and the nation. Neither is it our wish to take the spotlight away from them in any way.
“In terms of the timings of the decisions to remove fuel subsidy and unify the currency, the Tinubu/Shettima administration has done overwhelmingly well. Even more importantly, they have been most dexterous in managing the aftermath of the decisions by successfully avoiding any crisis.
“To this extent, our wish and prayers are that fellow countrymen will continue to support the new leadership in these very laudable decisions and, in particular, for the Labour leadership and civil society to work with them to ensure that the palliative efforts as promised are successfully implemented.
“The decision to remove subsidies, as in our case – and we believe in all situations – was not for the President to take all by himself.
“That’s why it’s important to remind ourselves – and all those who have conveniently forgotten – that Buhari administration had been on this pathway from the very beginning in 2015.
“Removing subsidies for the Naira and PMS was cued and put on hold. Look for example in the Petroleum Industry Act. The important decision was kept for a better time.
“It could not have come at a time when tensions were high in the country and no responsible leader would have added fuel to the fire.
“In the view of many-including those in the security circles- only a new administration with a goodwill that fills a warehouse can attempt this, and here now comes in the wit and grit of the Tinubu government.
