President Goodluck Jonathan has insisted that there is no going back
on total subsidy removal. However, he said the government would continue
to dialogue with Nigerians, to make them reason with the government on
why the proposed removal is necessary.
The president made this known during the Nigeria Summit 2013,
organised by The Economist, in Lagos, on Tuesday. He said it did not
make economic sense to continue to waste resources meant for greater
number of Nigerians to subsidise the rich in the society, stressing that
his government would continue to enlighten Nigerians on the need to
remove the subsidy.
In the words of the president: “We cannot continue to waste resources
meant for a greater number of Nigerians to subsidise the affluent
middle class, who are the main beneficiaries.”
Recall that the announcement of partial removal of the subsidy on January 1, 2012 led to a week-long strike and civil unrest.
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