President Buhari: The past Democratic Governments allowed the Oil Refinaries to Collapse so that their Cronies can Steal by importing Fuel

President Muhammadu Buhari Tuesday accused the Obasanjo and Jonathan's administration of wicked manipulations by encouraging corruption in the oil sector. Buhari said he was disappointed at the way Nigeria’s oil industry had been handled since he left office as a former petroleum minister and as a military Head of State in 1985.

President Buhari blames the past democratic administrations for the current situation in which Nigeria is forced to spend billions of naira annually on subsidies for petroleum products.

He said he was sure that there would not have been any need for the huge subsidies currently being paid to importers if the development of the country’s domestic refining capacity and petroleum products distribution network had kept pace with national demand.

“They (past administrations) allowed the infrastructure to collapse so that their cronies can steal by bringing in refined products from overseas.”