Before taking office in 2015, President Muhammadu Buhari and his party, All Progressive Congress (APC), repeatedly criticised past governments for failing to solve Nigeria’s perennial petroleum sector problems.
Mr Buhari called for a reduction in the prices of petroleum products amidst efforts by the Goodluck Jonathan government to deregulate prices and end subsidy payment. He said there was no such thing as “subsidy” and dismissed it as a scam used by government officials and their cronies to steal public funds.
When oil prices fell in 2015, the…
