Nigeria removes $7.5b worth subsidies on consumer fuel for fear of importing fuel from Ghana, others
The Federal Republic of Nigeria, is removing all subsidies worth $7.5 billion on consumer fuel prices to redirect the money on infrastructure and social programmes.
The VOA reports November 15, 2011 that Nigerian President Goodluck Jonathan is moving to end a long-standing subsidy that keeps petroleum prices at an artificially low 40 cents per liter.
The VOA cites him as saying that the action is vital to the country’s economic future because continuing the subsidy means that Nigeria, Africa’s largest oil producer, “will find itself importing fuel from Ghana, Cameroon, Chad and Niger.”
Already the Nigeria is reported to have intentions of importing oil from Niger due to lack of investments in the country’s refineries.
“In the quest for a better society, we may have to take decisions which would, at inception, be unpleasant in some cases. But we must face the reality, be honest with ourselves and ensure that we do our best for our country at all times,” the report cited President Jonathan as saying.
The decision is said to have gained support from all sections of the Nigerian population especially from foreign donors, bankers and some of the nation’s powerful state governors.
According to Dakuku Peterside, chairman of the House of Representatives Committee on Petroleum Resources, the money saved from the subsidy will benefit Nigerians by increasing spending on roads, health care and power generation.
By Ekow Quandzie
May allah see us through…
For avoidance doubts, the decision to remove fuel subsidy gained no popularity nor acceptance. In fact, the decision is threatening Nigeria’s stability as youths, labour unions, and other activist and human rights groups are planning protests and revolution for january when the removal will take effect.
God bless nigerians!
o ma dear gudluk or is it badluk.do u no hw many ppl died 4 u in kaduna an oda northern state jst cas we electd u 2 b our savior.bt nw u hav turn out 2 b our greatest nyt mare.u dnt ply d roads of lagos or kaduna 2 no hw expensiv transpot is 4 d comon man.u ar goin 2 distroy dis economy wif a hypa inflation.wat is d benefit of livin in an oil rich contry.if u cn nt buy oil for 40cent
let God 2 be contnue blessing our president, Goodluck Jonatan 4 his wonderful job. In jesus name amen.
The removal of oil subsidies will only increase inlation in the country which is already on the increase and poor masses will at the end of the day bear the burden.Gudluck should is espected to make life easier for Nigerians but already he is making it difficult for us.This is very unfair.
it is hardly believe that the president could said Nigerians have subscribe to removing the oil subsidy when virtually everyone at home are against.
it is hardly believe that the president could said Nigerians have subscribe to removing the oil subsidy when virtually everyone at home are against it.
I think this president needs a prayer for his insensitivity to the economies of those that voted him in.world bank is an intermational conspiracy to plough down developing countries economy several recommendation from them like SAP has been a failure.
make lyf easier 4 pple, most nig. Are suffering
plse our president don’t let this happen in ur tenure.
We should always rememba d last day. So let’s do gud 4 God s goin 2 judge.
may God help our nation. Evry body is confuse. God pls come and intavane 4 us.
How sure are we the poor citizen that money realize from removal of subsedy will be use for what he claim he want to use it for? The people that are in support do so because they will benefit from it, they are the rich men that are into oil trading, they will make more money because they will sell at their willin price. But for we surfferin nigerian it will have a very bad implication on us, if care is not takin the poor might get poorer while the rich get richer, this can even lead to riot.I’m not too sure Jonatan considered the poor before takin decisions, he has forgoten we supported him thinkin he was one of us(from poor home), he reason the way we reason, believe in what we believe in before he became president. As a youth corps member, many of my colleague lay down their lifes as sacrificial offering, lots of other includin myself defend his mandate with our lifes. He should be made to know that, whatever we don’t have power to handle as poor citizen of nigeria, there is a supreme God that will do justice to it all.
its an ashame for we nigerian the biggest we are,we can nt depend unpon our selve.what is niger,ghana in the case of miniral resource that we are importing from them.am asking gudluck jothn what about our refieneries?any way our eyes is upon u.is u we will be claim.
Government has no business subsidizing fuel
it is rather unfortunate that our president would be asking for removal of subsidy a time like this,if money is needed for redirection to reconstruct road,provide more health facilites ,why from subsidy that a common man like me have only enjoyed as far as Nig. is concerned.What happened to our recovered stollen money by the govt.officials,the wind fall frm oil revenue,the Abacha loot among others.For heaven sake do things that will only put smiles on the faces of the masses.We elected you to ease our pain not to add to it.To whom much is given much is expected,wake up Jonathan!you have been sleeping for too long
why the lamentations? U pple voted 4 him now. Buhari would never have thought of this evil. Jonathan is a bad news. We need revolution in this country. Mcheeeew…
lukn at d longrun effect of dis policy,its goin2favor nigerians’big time,but considern d shortrun effect,its goin2lead2a sabotage.a hypainflatd economy,war n cnflict which may kill its longrun ambition.2much bottle neck n corrupt leaders are really going2get their belly full.
why not privatise oil industry as is done in the telecomminuction industry? at first we all cry but the resultant effects is so beautify now. removing fuel subsidy is not the answer because the masses will definately be at the mercy of importers who will charge any amount to recoup their return on investment but if other refinaries are built on private participation. there will be geniun competition which will later force price down .
Attn. Solomom, it’s serves you right. Just for your savior to haven.
we ar 2 kep our verhicle!!. look evry body go look 4 horse, donkey, cow, goat. 4 means of transportation. Cz of dis fuel subsidy!!
pple who died 4 gudluck in ur next incarnation b wiser, military! re u taking over again? Hahaha………
I pray that the Lord Jesus will continue to give our dear President the Wisdom to set this complex Nation on the Right Path Forward.
jonatan is a mess 2 dis nation. Somebody dat was picked from d bush is now turnin 2 anoda thing. He shuld be send back 2 his fishin business. A president dat dnt kw his left from rignt.
it is clear now dat jonathan can not rule us in dis country. He has nothing to offer. Instead of removing fuel subsidy he should reduce d allowance politicians and recover our stolen money frm his friends. All his policies are anti masses.
Hey my people if you think mr president is not trying then finish solving your family problems and come out 2015 to contest for the post.
It is an utter dismay that Jonathan is actually removing the oil subsidy and in fact is fiddling with the populace’s patience. Infact he didn’t mention the populace he said “powerful governors,foreign donors ……”Meaning he does not have the petition of the populace @ heart. I think this man is actually biting off more than he can chew and proverbially biting the fingers that feeds Him, Jonathan I pity you.
we though that Jonathan ‘ll rescue Nigeria, but it is obvious that he is killing us the more.
jonathan is a disappointmt to us he has not paid minimum wage he promis nine months ago but rushe n remov oil sub he want d poor dead oh God help Nig i no go work okonjo iweala pls advic him .
May God guide Mr President in handling sensitive issues in our dear nation. God Bless Nigeria!
gudluck its gonna b u after ghadaffi
Nigerians is holy God can solve our problems, we know what takes a comon man 2 send his childrens 2 skul y d so call politicians steal our monies 2 send deir owe child skul in abroad, and God is dere watchin. D so call mr. President rememba many nigerians youth sacrifice deir life 4 dat office u are 2day, which we tink u are d person dat handle our problems, bt rememba 1 dat u we vacate dat office may God help nigerians.
wat a shameful act of ur elected leaders which the masses has being elected to make Nig. a better place to live and not to enslave the poor for there wealth.Nig. Wit land full of resources tring to import feul from Ghana and make the people pay for wat they are not to pay for.shame to you all elected leaders,Gudluck fail PDP fall
Mr Jona ! Na so u wonn do us after every thing, remember when u were campaining, u use d fuel price uniform during ur campain now u want 2 increase our pains, poverty, surfery by increasing d price, huumm we leav u 2 God
…i fear for the youth,we are so folish & caword,we can’t even fight our right anylonger,we sit there & some bounch of rich for nothing politicn taking our future away from us,while they send their children abrod, the only thing that gives us LIGHT petrol for our generator!!! is takien away….Rise & fight for ur right
jonathan is a complete surprise to the masses of this country,lives were lost,people wole soyinka,pastor bakare in their old ages run the length and bridth of this nation thru save nigeria soul when it was very immenent that there was hiding agenda to voilate the constitution when late yaradua was sick and away in saudi,i don’t even knw were to go but jonathan shuld resign bcos he wil be disgrace on that seat,or die lk his counterpart in northern part of africa,it wil be wel wit us.AMEN
mr president are ben misled by the same set of people.we tought he came as a fresh air not knowing it was b more poluted air.why can’t other natural mineral be encourage to grow so as yield income.i pray that God ‘ll not stop the flow of oil in Nigeria.the gift nobody knew when God planted is for our comfort not the reverse.
Ghanaian leaders should be wise because the world is getting smarter and smarter. Europeans were most richest but now see what is happening to their economy due to overspending and mismanagement, corruption, underground economy-lack of taxes to enable the government social programmes. look at Nigeria they are getting smarter.
This is high time for Jonathan to go back to the drawing board as this will certainly help to avoid any problem that may arise from oil subsidies removal.Moreso,it’s a known fact that,the removal of oil subsidies at this very period,will have vast negative impacts on the less previleged Nigerians and even contribute to the downturn of industrial and small scale sectors of Nigerian economy.Is not the removal of oil subsidies we want but optimal utilisation of Nigeria’s natural resources. endowment.