BREAKING NEWS: President Jonathan Unilaterally Reduces Fuel Price To N97

By SaharaReporters, New York

Saharareporters has obtained a copy of the national broadcast meant to be broadcast by President Goodluck Jonathan by 7: 00 AM Monday morning in Nigeria. The speech which was to be read in Nigeria on Sunday night stated that the PPPRA will now implement a new petrol price of N97.

Embargoed: Not For Broadcast Before 0700hrs On Monday, January 16, 2012
 
 
Presidential Address On The  Implementation Of The Deregulation Policy In The Downstream Sector Of The Petroleum Industry, Sunday, January 15, 2012
________________________________________________
Dear Compatriots,
1.    This is the second time in two weeks I will address you on the deregulation of the downstream petroleum sector. In the last seven days, the nation has witnessed a disruption of economic activities.  Although, the economic imperatives for the policy have been well articulated by government, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) went ahead to declare a nationwide strike.
 
2.    There was also near-breakdown of law and order in certain parts of the country as a result of the activities of some persons or groups of persons who took advantage of the situation to further their narrow interests by engaging in acts of intimidation, harassment and outright subversion of the Nigerian state. I express my sympathy to those who were adversely affected by the protests.
3.    At the inception of the deregulation policy, Government had set up the Justice Alfa Belgore Committee to liaise with Labour and other stakeholders to address likely grey areas in the policy, but despite all our efforts, Labour refused the option of dialogue and also disobeyed a restraining order of the National Industrial Court of Nigeria.
 
4.    However, following the intervention of the Leadership of the National Assembly, and other well-meaning Nigerians, Labour accepted to meet with government, but this yielded no tangible result.
 
 
5.    It has become clear to government and all well-meaning Nigerians that other interests beyond the implementation of the deregulation policy have hijacked the protest. This has prevented an objective assessment and consideration of all the contending issues for which dialogue was initiated by government. These same interests seek to promote discord, anarchy, and insecurity to the detriment of public peace.
 
6.    Government appreciates that the implementation of the deregulation policy would cause initial hardships and commends Nigerians who have put forth suggestions and credible alternatives in this regard. Government also salutes Nigerians who by and large, conducted themselves peacefully while expressing their grievances. Let me assure you that government will continue to respect the people's right to express themselves within the confines of the law and in accordance with the dictates of our democratic space.
 
7.    Government will continue to pursue full deregulation of the downstream petroleum sector. However, given the hardships being suffered by Nigerians, and after due consideration and consultations with state governors and the leadership of the National Assembly, government has approved the reduction of the pump price of petrol to N97 per litre. The Petroleum Products Pricing Regulatory Agency (PPPRA) has been directed to ensure compliance with this new pump price.
 
8.    Government is working hard to reduce recurrent expenditure in line with current realities and to cut down on the cost of governance. In the meantime, government has commenced the implementation of the Subsidy Reinvestment and Empowerment projects: including the Federal Government- assisted mass transit programme which is already in place, and job creation for the youth. 
 
9.     Furthermore, the legal and regulatory regime for the petroleum industry will be reviewed to address accountability issues and current lapses in the Industry. In this regard, the Petroleum Industry Bill will be given accelerated attention. The report of the forensic audit carried out on the NNPC is being studied with a view to implementing the recommendations and sanctioning proven acts of corruption in the industry.
 
10.                       Let me assure Nigerians that this administration is irrevocably committed to tackling corruption in the petroleum industry as well as other sectors of the economy. Consequently, all those found to have contributed one way or the other to the economic adversity of the country will be dealt with in accordance with the law.
 
11.                       My dear compatriots, I urge you to show understanding for the imperatives of the adjustment in the pump price of petrol and give government your full support to ensure its successful implementation. I further appeal to Nigerians to go back to work and go about their normal duties as government has made adequate arrangements for the protection of life and property throughout the federation.
 
12.                       Government will not condone brazen acts of criminality and subversion. As President, I have sworn to uphold the unity, peace and order of the Nigerian State and by the grace of God, I intend to fully and effectively discharge that responsibility.  Let me add that we are desirous of further engagements with Labour. I urge our Labour leaders to call off their strike, and go back to work.
 
13.                       Nigeria belongs to all of us and we must collectively safeguard its unity.
 
14.                       Thank you. God bless the Federal Republic of Nigeria.
GOODLUCK EBELE JONATHAN, GCFR
President,
Federal Republic of Nigeria
 

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NXOOZXPRFkj

NIGERIA; one of the greatest contury in Africa is in a state of dilema, a state of continuous suffering, growing from bad to worse, roaming from problems to problems; infact, its democratic system has turned a system of dictatorship the opinion of the masses were never to be looked into instead selfish interest overruled.There is no doubt in me that this unfaithful removal of fuel subsidy has not only affected me and my company but also all Nigerian most especiall the fixed income earners.This state in which our Great Country is today has been making me to crying in the mind, paining me inwardly, creating fear in me for a better Nigeria.FOR HOW LONG DO WE HAVE TO CONTINUE LIKE THIS?

Humiliations Nigerians are facing in South Africa.

Is is not new this time what Nigerians living in South Africa are facing. It was a show of shame for South Africa Government to deport Nigerian on the false allegation of yellow paper, it time they tried to label Nigerians bad name but this time they lost they lost it all. Only one retaliation they stated lamenting.
Have Nigeria ever treated foreigners bad?? what is it that each time other countries that we assist to build their economy always try to pay us back with evil. I only blame our government that refuse to develop our electricity for regular light I bet you when this is done Nigerians abroad will come back to invest.

pls

dis is no time 4 parable pls, dis is serious bussiness dt concerns d 180 million Nigerians. pls speak out ur mind explicitly.

Re. NigM

Our leaders are not yet ready to move dis country forward, I mean frm GEJ, mark, Tanbulwa, governors etc. The reform in the police,d army,oil sector etc is mere academic work to further enrich some pple in d name of committee members. God ve mercy on Nigeria

Diappointed by mr, President GEJ

You are bias in governing nigeria 80% of your project are in niger delta region, you have stop the river niger dredging upon billions of naira sunk in the project which will have cause increase revenue to FGN,job creation,improve industrial capacity etc. how sure are you to implement the revenue generated from the oil subsidy considering the rate of corruption in the public service eg. NEPA issue during obasanjo regiem. pls re-consider river niger dredging issue.

Subsidy

Mr.President ,sure you have good intentions. The fact is that you did not do your home work properly before commencement. Your timing was also wrong. You have exposed the cabal, summon up courage and deal decisively it to our public knowledge and you will be shocked at how much support you will get. Without prejudice to your interests ,if any,courageously deal with the life styles of some of your key Minsters ,governors and aides and we will all be encouraged to make sacrifices.Finally, let all our legislators reduce their earnings to show that we all are stakenholders in ENTERPRISE NIGERIA! We voted for you not to disgrace you mid. Carry us along.

Were you alive before the

Were you alive before the removal? If you were, you still would survive because during the years of austerity people survived and during the years of structural adjustment we did not complain. Anybody complaining now that fuel subsidy was removed means that the person was dead before the subsidy removal.

Fuel subsidy

Be a greatest man in the does that means mr, president shd suffer masses.let be considerate? Here is the return of Faroah?their glory of being great will soon runout! With his devilish peoole around him.

President GEJ

Though it is rough now with Mr. President, he will be vindicated at last irrespective of what ever biase anybody has. I am quite convinced that all those people that have been using abusive language on Mr President do not know what leadership means. They are uncivilised and were only looking for opportunity which the fuel subsidy removal gave them to express their raw self.

mr president, your intention

mr president, your intention is good but start the downstreaming within your cabinet and the willback you up.

Fairytales are for kids

Fairytales are for kids,President Jona.

Have the fear of God in you

Mr president,let me first say i am really disappointed in you with d suffering you are putting on we Nigerians,many issues for u to takcle(Assu strike,fuel subsidy,boko haram)ain't u ashamed&worried,don't u hav d fear of God in u?we voted for u but now u are making us suffer.Fuel subsidy removal is good but usuppose to hav make provisions for us by letting the refinaries to be functional,let there be job opportunities,let us enjoy our crude oil.et the refinaries to be funtional&see hw nigerians il support u

GEJ not weak afterall

The one and all impotant thing I want to

say here is that he is the greatest man in nigeria today

I thank GOD ALMIGHTY for my conutry 9ja

Pls let's stop all these and thank for everything coz I know God loves nigeria so much. We should be greatful dat we are from nigeria,God's own nation.love I say thank u for my conutry nigeria and I ask 1 thing of you******* for your love,peace and unity among us. And change the heart of the wicked one.and bless our president, use him,to change the lifes of nigerieans for good Amen

mr president do us well

Am highly disapointed in u mr president,even do we never saw eash order before we still whent out and convise people too come and vote,we change people's mind to vote 4 u,that it is god that has sent u too nigerian,it is a shame we have found in u,we masses are now suffring no job,noting to have 4 leaving why mr jonathan?nigerians are no more realying on u no more we bleave now u do as u like.but one thing u gat too know is that were ever u find ur self no it is not by ur power it is god that put u dere and do it well.do us welldont let this nigerian fall inside well mr president

SALESMAN GIMMICK

GEJ has inflated the amount of fuel by over 100%(N145) knowing fully well that the masses would not agree to this so therefore would want to negotiate the inflated amount to a satisfactory amount but that amount would not be the original price of N65. The negotiators will or has left the table thinking they have got a good deal as they have managed to reduced the inflated amount but the actual winner is GEJ because the negotiated amount would have been the amount he wanted from the beginning. Once again we have been shafted by another maradonna(grand) of a president. Congratulations!

Lets support him

Sir i pray God to bless u.is just dat people wil nt apprct u.just like moses.bcos people lov slavery.u ar d type of leader we av bn expecting and praying 4 sinc 20some thing yrs now.pleas Nigerians let reason wit him,he can nt deal wit dis cabals alone.dey ar like phero.dey dnt want us to leav slavery.do u beleiv dat al d ar doing s to charter him in al angles bcos dey actualy kn dat God himself put Our president dar to deliver us 4rm dos theifs who claim to b richer dan dis country.dis is time of judgment 4 dem.d youth,children,widows.uneployed graduate ar crying 4 pains while dey ar living in luxery.saving our money 4 their 10generation to come.wat a wicket world:dis resources belong to us all.pls nigerian let think deeply and giv him our support to move dis country forward. Nigeria is our own.

Lets support him

Sir i pray God to bless u.is just dat people wil nt apprct u.just like moses.bcos people lov slavery.u ar d type of leader we av bn expecting and praying 4 sinc 20some thing yrs now.pleas Nigerians let reason wit him,he can nt deal wit dis cabals alone.dey ar like phero.dey dnt want us to leav slavery.do u beleiv dat al d ar doing s to charter him in al angles bcos dey actualy kn dat God himself put Our president dar to deliver us 4rm dos theifs who claim to b richer dan dis country.dis is time of judgment 4 dem.d youth,children,widows.uneployed graduate ar crying 4 pains while dey ar living in luxery.saving our money 4 their 10generation to come.wat a wicket world:dis resources belong to us all.pls nigerian let think deeply and giv him our support to move dis country forward. Nigeria is our own.

65 or nothing

the truth is that president GEJ is doing the right thing just that the timing is not considered.
we nigerians have to settle down because of the new year and christmas celebration some just came back from their villages,to find out that the fuel subsidy has been removed.In my ownh point of view,president GEJ should cancel the fuel subsidy and leave this project for april when the people has settle down and are ready to comply.

D truth

Have u al thougt about d second coming of Christ. That these are d warnings. D arab spring, d flood n lagos nd ibadan, d killings n d north, d crashing of U S A economy $ d world. Jesus is coming soon. Repent and be saved. D antichrist is already waiting 4 d rapture b4 he steps over. Dis is d truth. HE IS COMING.

DECISION OR LACK THERE-OF!!!

This President (GEJ) has been greatly damaged with this indecisive implementation of his agenda.
He should have seen it coming,Nigeria is a democracy not autocratic system of government.
Why did you start the economic hardship on the masses that live on less than $1.00 a day first,when u and ur cronies are usurping our revenues .
A quick example:Your administration spends over 1Billion naira for food in 1 yr.While we are all languishing in abject poverty.Do I need to remind you that we voted you to power and with this power covered on us,we shall reed off you come next election.God's willing.

D truth

Have u al thougt about d second coming of Christ. That these are d warnings. D arab spring, d flood n lagos nd ibadan, d killings n d north, d crashing of U S A economy $ d world. Jesus is coming soon. Repent and be saved. D antichrist is already waiting 4 d rapture b4 he steps over. Dis is d truth. HE IS COMING.

DECISION OR LACK THERE-OF!!!

This President (GEJ) has been greatly damaged with this indecisive implementation of his agenda.
He should have seen it coming,Nigeria is a democracy not autocratic system of government.
Why did you start the economic hardship on the masses that live on less than $1.00 a day first,when u and ur cronies are usurping our revenues .
A quick example:Your administration spends over 1Billion naira for food in 1 yr.While we are all languishing in abject poverty.Do I need to remind you that we voted you to power and with this power covered on us,we shall reed off you come next election.God's willing.

Icon of the century.

Gej i salute ur gallant courega more wisdom & knowledge 2u &oda stakeholder espc senate president ur foe & foe of d nation total shame 2 dem. My advice pls we support ur iniative dont disappoint us. Show no mercy to d cabals it dosent mata weda my papa folow show him pepper. 4dos insulting our president no doubt they‘re insulting they parents @ home.u dont wat oda leader are afraid to do,yes u‘re indeed a great icon.

God will judge all your bad conduct

You are such a bad president domestic human being....God will judge you

Good and bad

Helo naija people, lets stop comparin our country with other countries, u dnt realy knw hw they made it. Wel mr. President thank you for trying by decreasing the fuel price but alot need to be done though everything na jeje oh. Please GEJ try and make the state governors to start the 18,000 minimum wage since things are critical now. Felow citizens stop abusing yourselves and lets sort things out. NLC and TUC thanks for trying. Thanks and God remove coruption from us.

None

Mr Norbert, when you say several well thinking Nigerians see as best, are you talking about the Nigerians that find life hard, that are struggling to make a leaving and make ends meet or your referring to those that have money , in high places, who are looking out for their own interest, is that who you are referring too? And i wonder which group you are affiliated with.
Greed and selfishness is what this Government and all associates are all about, and if you are siding them, then you are not for the ordinary people of Nigeria.

Re-

Ur story is neva impressive at all

Dear compatriots, since you

Dear compatriots, since you have decided to continue complaining after I switched from my Gucci leather-soled shoes to my Ralph Lauren rubber-soled shoes, I have decided to switch to one leg of Ogogoro Jackboot boots for the I-too-know South Westerners and one leg of leather slippers for the Alhajis in the North (the fear of Boko Haram is the beginning of knowledge, power pass power, lol). Ehn ehn to continue, may God continue to bless me, may He continue to have mercy on you and should he save Nigeria?, I really don't know. Your South-South President, egberifa!

Removal of Fuel Subsidy

Shakee, if u can call our president a fool, then you must be worse than that.If you are given this rare opportunity to lead this country; you will become a tyrant. Now listen to me bros, have u forgotten that Jonathan must take responsibility for any good or bad decision; do u expect him to come to the public to demonstrate how people like Adams Oshiomole and other state governors pressurised him to remove the subsidy so that they can pay minimum wage?On the subsidy issue, I am in support of a win-win situation; just as we have now.Jonathan is good for this country, but he must start being frank and also begin to punish the so call cabals for the pains they have inflicted on
Nigerians. Segun falodun