The Presidency, yesterday, said it had no plans to remove oil subsidy. Presidential Spokesman, Dr Doyin Okupe, in a statement in Abuja, said despite President Goodluck Jonathan’s recent remark concerning subsidy, the administration, as a matter of policy, had no plans in that direction.
Presidential Spokesman, Dr Doyin Okupe, in a statement in Abuja, said despite
President Goodluck Jonathan’s recent remark concerning subsidy, the
administration, as a matter of policy, had no plans in that direction.
who said the President was mindful of the reactions and plight of Nigerians,
maintained that sufficient allocation for fuel subsidy has already been made in
the 2013 budget “therefore there is no cause for alarm on removal of fuel
Besides, Dr Okupe,
Jonathan had on March 20, at the Nigeria Economic Summit 2013 held in Lagos,
unveiled a platform of economic development for the country predicated on full
removal of fuel subsidy.
remark at the Economic Summit in Lagos, Dr Okupe said it “was a frank,
intellectual and well-articulated contribution by the President to the
discussion on the Nigerian Economy at the said Summit, and it was from a honest
and sincere leadership perspective”.
On the President’s
Jonathan’s remark had generated a furore with attendant lamentations from the
Nigerian public who viewed the move as anti-people and a plot to hike pump
price of petroleum products.
Okupe, “the President and this administration are not insensitive to the
plights of the Nigerian Masses and will continue to pursue and execute policies
and programmes that are in the overall interest of majority of Nigerians and
that will bring the greatest good to the greatest number of our teeming population.”
According to Dr
“It is an undeniable fact that every responsible leadership, genuine
stakeholder and patriot must be worried when a nation spends about N1
trillion, an equivalent of about 20 per cent of the national budget, on subsidy
paid out to a few companies and enjoyed in the main by very few elites, while
the common man benefits only minimally.”
He said further:
“Contrary to the speculation in the media and assumption by certain groups
within the polity, we wish to state categorically that, the removal of oil
subsidy is not on the table of the Transformation Agenda of the President. The
statement made by President Goodluck Jonathan at the recent Economic Summit
held in Lagos was a frank, intellectual and well articulated contribution by
the President to the discussion on the Nigerian Economy at the said Summit, and
it was from a honest and sincere leadership perspective.”
Dr Okupe said:
avoidance of doubt and at the risk of being repetitive, this administration is
not considering the issue of removal of fuel subsidy in the nearest future and
certainly will not embark on any such programme without extensive consultations
and engagements across the various segments, interests and stakeholders in the
Nigerian polity,” he said.
“Finally, for the