Jonathan insists on fuel subsidy removal…..VANGUARD

LAGOS — President Goodluck Jonathan, yesterday, in Lagos, unveiled a platform of economic development for the country that must be predicated on full removal of fuel subsidy.

Speaking at the Nigeria Summit 2013 organised by The Economist with the theme Enabling and Implementing Change, Jonathan said the fuel subsidy just have to be removed, but after discussing with the public about the easiest way to do it.

He said: “We cannot continue to waste resources meant for a greater number of Nigerians to subsidise the affluent middle class, who are the main beneficiaries.”

JD:We had always seen this coming as it was quite certain that Government cannot sustain the subsidy of petroleum,moreso given the contentious issues that have trailed it so far.What is more embarrasing is the fact that the government has not even tried so far to find an alternative to fuel importation in a country that produces so much crude locally.The question to ask is are we forever doomed to importing pms?should that be the case and the susidy removed ,how will this affect the fortunes of Mr Jonathan in 2015?What measures can be put in place(not the cospmetic sure P) to cushion the effect of this proposed action on both the economy and by extension the polity?
The answer my friend as usual is……..

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