Fuel to sell at N97 per litre –Jonathan

The President in a nationwide broadcast announced a petrol pump price reduction to N97 per litre which is N44 less than N141 announced by the PPPRA on the New Year and N32 higher than N65, the pre-subsidy removal price.

In his words; “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”.

He also added that his government is working hard to reduce recurrent expenditure in line with current realities and to cut down on the cost of governance and that his government has commenced the implementation of the Subsidy Reinvestment and Empowerment (SURE) projects which includes federal government assisted mass transit programme, which he said was already in place, and job creation for the youth.

President Goodluck Jonathan urged Nigerians to show understanding for the imperatives of petrol pump price adjustment and to give his government our full support.

1 Comment

  • Kahlim Sala says:

    lets hope this isn’t another smoke screen though we, relish the complement its imperative Nigeria needs to insure these oil tycoons make due on their promises while on Nigerian soil. Furthermore if this backlash of increasing oil prices is determined by, the presidential election in the US to smear the first African / American president is imminent then, its time to stand behind the USA president Barack Obama to regulate Nigerian oil against the oil companies, looking to smear his presidency. In the USA, the “Do Nothing Congress” made of republican leaders are very discriminative against their own president because he is Black and, perhaps a strong Nigerian president should look at the history of, what the Arabs did to control their oil back in 1940′s with the Americans. Hence the reason they Arabs have control over their oil, the land and, pricing.
    Why can’t we propose the same for Nigeria? These greedy corporations should step aside and control what’s in their own interest on their own soil and not Nigeria. These foreign corporations find it easy to control whats benefiting themselves and not to people around the world. Monopolizing their control should be a crime on Nigerian soil, we the people should have total control which is where a strong Nigerian government is to regain power and control but, by the people and not the greed of government corruption.
    Our president should be taking the revenue’s created from Nigerian oil, and put back towards the people including in the outer communities and not discriminate by, keeping the poor poorer but, by providing the substance of ALL Nigerians equally!
    Oil companies surrounding the African nations should provide Nigeria with the proper remedy so we’re not under their greedy warranting their need to create issue’s abroad for, we should sustain our own economic depression which follows Nigerian government corruption and, to eliminate this idiotic tactic but, not by using the “God” as a means to manipulate others for, God will see through your own ignorance and punish you and your family for the Lies the people of Nigeria has suffered.
    The people has spoken, the corruption must end sometime soon or there won’t be a Nigeria to call our own. Badluck Jonathan, its time for you to step aside or the people will bring in someone else who’s strong, willing to eliiminate government corruption, and start caring for the people in the outer communities which, is where Nigeria suffers the most.
    Our Nigerian president should find the remedy to eliminate government spending in the wrong places and look towards the development by, creating the subsidies towards the people and not the greedy boys club for, each time a corrupt official steals from the people, it hurts Nigeria. We are in desperate need to insure the correct democracy of balance is used by all of Nigeria or, other groups like Boko Haram will develop. Our president should think smartly and not present himself as an idiot trying to regain power for his pockets and the pockets of the remaining and corrupt government officials. Its time for the people of Nigeria and not just the wealthy to do but, for the poor, we need to reassess what Badluck Jonathan has done for All the people of Nigeria for, without the people Jonathan has no power and perhaps, he and his family should live like those poor Nigerians in the outer communities see, how he likes being a victim of his own idiotic control.

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