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Presidency Says No Plans To Remove Subsidy




Contrary to the growing belief that the Federal Government will remove subsidy on oil totally and hence increase fuel pump price, the Presidency yesterday said it had no plans to remove oil subsidy.

In a statement by Presidential Spokesman, Dr Doyin Okupe, in Abuja, the presidency made it clear that despite President Goodluck Jonathan’s recent remark concerning subsidy, the administration, as a matter of policy, had no plans in that direction.

Dr Okupe, who said the President was mindful of the reactions and plight of Nigerians, also 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 subsidy.”

On March 20, at the Nigeria Economic Summit 2013 held in Lagos, President Goodluck Jonathan had unveiled a platform of economic development for the country predicated on full removal of fuel subsidy raising fear among many Nigerians, anger and disgust in several others.

Dr Okupe said the President’s remark at the Economic Summit 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”.


According to Dr 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.”

“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.”

“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,” Okupe said.

“Finally, for the 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.

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  1. Zany

    March 29, 2013 at 7:29 am

    Bulshit,anoda strategy to have our votes and dia after still remove it

  2. Mr president do u want Nigeria to collapse?

    March 29, 2013 at 8:24 am

    Stupid and idiot MR president, u cnt neva calim our voting with al dis rubbish u are saying from mouth. You hav turn a country dat is been by God to fear and suffering Country, al i kw is dat God wil Jugde u if no man cn jugde u,just wait and take ur jugdment in hell. In Nigeria nw pple die like goat.infact d rate in which pple die is higher than any other animal. BOKO HARAM is nw a big fear in everyones minds. I kw b4 any civil war 2 raise in Nigeria God might hav remove u from dat post by any means IJN.

  3. Ekeoma

    March 29, 2013 at 11:39 am

    one thing with the mentality of some Nigerians is that they dont know what it takes to be a leader. All their minds goes on money and power but even if you give them that money and power they wont know how to control themselves not to talk about leading others. so it is now a bad thing that Jonathan did to anounce that he is not removing subsidy. it is this same critics calling him names that will kill him with their mouth if he removes subsidy. if you think that Jonathan’s administration is not trying in security, why not go and fight boko haram by your self.

  4. Ayambem wil.

    March 29, 2013 at 3:58 pm

    We had dictators ovr d yrs dat tak decision on dier own evn wen dey were wisdom deficient. ‘GEJ’ a man dat truly had d ppl at heart hz com 2 uncover tinz dat were once secrets. Let b vry frank, it’ll tak som decades 4 pwr 2 return 2 d north. Abuse GEJ, Cartoon, sponsor terrorist or build premium time on space, d truth remain dat 3yrs f johnathan services is best wen compare 2 38yrs f northern dictatorship. Only d ignorant swim in d wave-lenth of APC n Premium Time. Anti-jonathan!

  5. Omotayo

    March 30, 2013 at 10:02 am

    You better remove it because you would be there any more. Shame on you all. You will go and govern your state in 2015. You better steal enough money before you leave there

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Metro News

BREAKING: Police Arrest Suspects As Explosion Rocks Wike Father’s Church



BREAKING: Police Arrest Suspects As Explosion Rocks Wike Father’s Church

Nyesom Wike

An explosion has reportedly rocked a church belonging to the father of Rivers Governor, Nyesom Wike, in Port Harcourt, the state capital.

The Rivers State Police Command has however announced the arrest of three suspects who allegedly detonated explosives at a Pentecostal church, Christain Universal Church International, located at Mile 3, Diobu area of Port Harcourt.

Also Read: Buhari Will Set Nigeria On Fire If He Doesn’t Implement People’s Demands —Wike

The act was reportedly carried out on Saturday night and detonated the explosives suspected to be dynamite.

According to reports, a significant part of the church was damaged by the explosion, which created panic in the area.

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Metro News

Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff



 Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

Ondo on map

Kidnappers on Friday abducted the wife of Olugbenga Ale, Chief of Staff to Ondo State Governor, Rotimi Akeredolu.

According to reports, she was kidnapped around Owena after the Joseph Ayo Babalola University while on her way back to Ondo from Lagos State.

Also Read: Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

The police spokesman in the state, ASP Tee-Leo Ikoro, confirmed the news to Channels Television on Friday.

This development is coming about twenty-four hours after a first-class traditional ruler in Ondo State, the Olufon of Ifon in Ose local government, Oba Isreal Adeusi, was murdered by suspected kidnappers.


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Tech News

TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities



The month of November is always known for its intense sales activities because the best deals of the year come
during the Black Friday Period. For TECNO, Africa Number One mobile brand, it was the time to reward its
customers with massive discounts and various gift items while also unveiling some of its new devices.

The brand in collaboration with SLOT stormed computer village as part of the events to wrap up its black Friday
sale activities, hosted BBNaija’s Ozoemena Chukwu to a hangout at SLOT Ikeja.

Fans and customers had a fun time interacting with the handsome celebrity while enjoying discount offers on
TECNO devices. Different deals and gift items were up for grabs as customers who made purchases at the store
enjoyed 50% discounts on Spark 5, Camon 16 Series and 100% cashback on the Spark 5 Pro.

The major highlight of the event was the presentation prizes to lucky winners. Customers who participated in
the spin the wheel game won gifts items such as Bluetooth Speaker; Power Bank and kettle while those who
participated in the Scratch and Win Promo won for themselves different deals ranging from 50% to 100%

TECNO also introduced two latest devices-the Spark GO 2020-powered by Google Android 10 Go Edition and a
TECNO POVA. POVA means ‘Powering Optimal Value and Ambitions’ is a rebrand of the popular battery series
formerly known as Pouvoir was inspired by the zeal to deliver budget-friendly smartphones with superior
gaming experience.

The first of its kind 6.8-inch TECNO POVA, is powered by Mediatek Helio G80 octa-core processor and hyper-
engine game technology that transforms gameplay experience giving ultimate stability and a high refresh rate.
Additionally, users will benefit from the “Game Space,” “Game Mode,” and “Game Assistant 2.0” features,
allowing them to switch to the “do not disturb” function, a much-anticipated experience all gamers will
absolutely enjoy.

The TECNO POVA is also equipped with a power-packed multitasking effect ramped up by 6GB RAM and 128GB
of internal memory. The device also has a 6000mAh super big battery, 18W Dual IC Flash charger, a standby
time of 30 days and the ability to play music for 8 days straight, on just a single charge. It’s the perfect
smartphone offering a way to worry less about low battery.

The new devices are available for purchase this November and for the rest of November, customers will enjoy
amazing discounts, instant and mega prizes on TECNO devices.

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