Nigeria: Petrol To Sell For N97 Per Litre – Goodluck Jonathan

Nigerian President Goodluck Jonathan is set on making a national broadcast Monday morning announcing the price of petrol at N97 per litre. Read the prepared statement below:


PRESIDENTIAL ADDRESS ON THE IMPLEMENTATION OF THE DEREGULATION POLICY IN THE DOWNSTREAM SECTOR OF THE PETROLEUM INDUSTRY, SUNDAY, JANUARY 15, 2012

Dear Compatriots,

1. This is the second time in two weeks I will address you on the deregulation of the downstream petroleum sector. In the last seven days, the nation has witnessed a disruption of economic activities. Although, the economic imperatives for the policy have been well articulated by government, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) went ahead to declare a nationwide strike.

2. There was also near-breakdown of law and order in certain parts of the country as a result of the activities of some persons or groups of persons who took advantage of the situation to further their narrow interests by engaging in acts of intimidation, harassment and outright subversion of the Nigerian state. I express my sympathy to those who were adversely affected by the protests.

3. At the inception of the deregulation policy, Government had set up the Justice Alfa Belgore Committee to liaise with Labour and other stakeholders to address likely grey areas in the policy, but despite all our efforts, Labour refused the option of dialogue and also disobeyed a restraining order of the National Industrial Court of Nigeria.

4. However, following the intervention of the Leadership of the National Assembly, and other well-meaning Nigerians, Labour accepted to meet with government, but this yielded no tangible result.

5. It has become clear to government and all well-meaning Nigerians that other interests beyond the implementation of the deregulation policy have hijacked the protest. This has prevented an objective assessment and consideration of all the contending issues for which dialogue was initiated by government. These same interests seek to promote discord, anarchy, and insecurity to the detriment of public peace.

6. Government appreciates that the implementation of the deregulation policy would cause initial hardships and commends Nigerians who have put forth suggestions and credible alternatives in this regard. Government also salutes Nigerians who by and large, conducted themselves peacefully while expressing their grievances. Let me assure you that government will continue to respect the people’s right to express themselves within the confines of the law and in accordance with the dictates of our democratic space.

7. 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.

8. Government is working hard to reduce recurrent expenditure in line with current realities and to cut down on the cost of governance. In the meantime, government has commenced the implementation of the Subsidy Reinvestment and Empowerment projects: including the Federal Government- assisted mass transit programme which is already in place, and job creation for the youth.

9. Furthermore, the legal and regulatory regime for the petroleum industry will be reviewed to address accountability issues and current lapses in the Industry. In this regard, the Petroleum Industry Bill will be given accelerated attention. The report of the forensic audit carried out on the NNPC is being studied with a view to implementing the recommendations and sanctioning proven acts of corruption in the industry.

10. Let me assure Nigerians that this administration is irrevocably committed to tackling corruption in the petroleum industry as well as other sectors of the economy. Consequently, all those found to have contributed one way or the other to the economic adversity of the country will be dealt with in accordance with the law.

11. My dear compatriots, I urge you to show understanding for the imperatives of the adjustment in the pump price of petrol and give government your full support to ensure its successful implementation. I further appeal to Nigerians to go back to work and go about their normal duties as government has made adequate arrangements for the protection of life and property throughout the federation.

12. Government will not condone brazen acts of criminality and subversion. As President, I have sworn to uphold the unity, peace and order of the Nigerian State and by the grace of God, I intend to fully and effectively discharge that responsibility. Let me add that we are desirous of further engagements with Labour. I urge our Labour leaders to call off their strike, and go back to work.

13. Nigeria belongs to all of us and we must collectively safeguard its unity.

14. Thank you. God bless the Federal Republic of Nigeria.GOODLUCK EBELE JONATHAN, GCFRPresident,Federal Republic of Nigeria.

  1. Opilo Reply

    Dis is absolutely nonesense.nigerians are asking d govt to revert bk to normal price,gudluk is sayin 95naira.i cn nw thnk dt govt intentnaly strtd wit a vry price wit d mindset dat durin dialogues,it wil finaly fal down and nt bk.dis is totaly rubish…i cnt blame dem,none of dem pay to get fuel,food nt even cloths n shoes,they use our money.its 65 naira or 65naira.we’l continue ocupyin naija 4her gud.

  2. Garba Abubakar Dule Reply

    Save your breath your excellency, no show, its N65 or continued action, Aluta continua, up NLC/TUC!

  3. Suraju A. Reply

    Mr.President has not get it right,let him go back to his meditating and podering room and come out with right answer nigeria is expecting

  4. Oshuntoki F Reply

    Pls dis job for youth our able GEJ I§ talkin of, does he mean driving Å̶̷̩̥͡ mass transit for G̶̲̥̅Ö̤̣̇D̶̲̥̅̊ sake. Can he allow his own children to do that? This I§ really insane. Pls adhere to d voice of those that put u on dt seat nd let der be oneness again. G̶̲̥̅Ö̤̣̇D̶̲̥̅̊ bless NigerIa

  5. Sade Reply

    President deal with the corruption nd dos leaders involvd in embezzlement of money first nd lets d mind 2 remuv corruption before u start talkin abt subsidy removal…..

  6. Sade Reply

    President deal with the corruption nd dos leaders involvd in embezzlement of money first nd lets see d mind u av 2 remuv corruption before u start talkin abt subsidy removal…..

  7. Akeem Reply

    This Jona is a fool and we regret ever voting for him. This issue has gone beyond N65 per litre of petrol, it is now about government generally, Corruption, nepotism, in-efficient and bad leadership. I listened to this speech and honestly heard nothing that made sense.
    The next thing is to pack the street of Lagos full of soldiers, no problem, the strike continues by Nigerian sitting at home, or maybe Jona will send soldiers and police into our homes to drive us out. Govt has once again turn our guns on us.

    President Badluck Ebi-ole Jonathan God punish you, it is obvious that you have been hijacked, we will wake up every morning and curse you, your family and your hungry, corrupt and greedy cronies until you resign or organize a constitutional conference to restructure this country

    • Viviane Reply

      I’m beginning to see less and less of antnhiyg resembling progress being made in Nigeria. The country is getting worse by the day based on every measurable parameter.The only hope I see for Nigeria and maybe Subsaharan Africa as a whole is a massive uprising by the people to take their own destiny into their own hands. Some people are scared to sacrifice their life for whatever they think they believe in, others are too hungry to fight even if they wanted to. Our leaders are eating into our flesh, most of them have their kids out of the country, what good can come out of Nigeria with its dormant civil society that can easily be manipulated?…Nothing! I look at developed countries and see a developed civil society that is everready to oppose the Government and whatever is deemed the status quo. In this manner, they keep transforming and reaching for higher things. The Nigerian civil society is highly subdued and mostly nonchalant for whatever reason.There are issues that can be addressed with dialogue and evolution of times. There are others in which the people have to obtain the changes they desire by nothing other than FORCE. The way I see Nigeria, it is nothing but FORCE that will change things. The leaders have no atom of sympathy towards the plight of the people,they do not seem to think Nigeria or Nigerians mean antnhiyg. They have no urge to develop the nation and even with the PhDs., most of them act like they’ve had no education. Just senseless people in general from whom nothing good can come out of, a massive revolutionary change,only that can change Nigeria.

  8. Akeem Reply

    his Jona is a fool and we regret ever voting for him. This issue has gone beyond N65 per litre of petrol, it is now about government generally, Corruption, nepotism, in-efficient and bad leadership. I listened to this speech and honestly heard nothing that made sense.
    The next thing is to pack the street of Lagos full of soldiers, no problem, the strike continues by Nigerian sitting at home, or maybe Jona will send soldiers and police into our homes to drive us out. Govt has once again turn our guns on us.

    President Badluck Ebi-ole (relation to thieves) Jonathan God punish you, it is obvious that you have been hijacked, we will wake up every morning and curse you, your family and your hungry, corrupt and greedy cronies until you resign or organize a constitutional conference to restructure this country

  9. fabian Reply

    this is fine move by the president but we clearly get the master plan. We want N65 or they shld forget about it. No one is even talking about the long and lingering ASUU strike. Why must we put a stop to this gross insensitivity in Nigeria. I cant tell really why an internationally applauded and the first truely democratically elected govt wld just translate into untold WAHALA for the masses. Pls mr president, kindly address the long and worsening ASUU strike situation in this same spirit or we Nigeran students may have to engage the help of the NLC and TUC in striking for us. That’s the only language this administration tends to understand.

    • Nisa Reply

      – Absolutely from small tnghis do big tnghis grow and this is as good a start as we have ever had in terms of citizens saying “we no go gree” – the point I was trying to emphasise though is that folks at home need to be on board too and how to get the message across which i think was also Osize’s point – though he sounds very vexed about the whole campaign. Please dont get me wrong – I 100% support what the LUN campaign is trying to do and yes we all can play a part eg like inform people back home – imagine if we all tell at least one person and they make a batch of flyers with “LIGHT UP NIGERIA” and they start appearing all over the damn country in every language = just stuck up with glue or tape – graffiti on the walls – bits of paper handed to people. A huge mass movement – wow am I dreaming or what ! lol but it is possible no????As for Yardy – quote “if you want change then get rid of YARDY and the old chronies -elections are coming up.” in other words the whole damn bunch of doggerheads need to be swept away and that is up to the Nigerian voters – that has to be the mission – imagine another 4 yrs of this old school shit? I think we need to think about what sort of part we can all play not just with SM but with mobile power – damn if Obama can become prez of the US surely we can choose someone who also has a new direction. Surely surely?

  10. kunle Reply

    This totally unfair,is dat wat we are saying revert back to 65 and let resume strick and dialogue may continue till solution is achieved God help FRN

  11. stephen Reply

    Oga president, we the Nigerian students are on our knees and calling for end of ASUU strike subsidy or not. I am a final yr student of BUK and exams had started why the plague called strike broke in. Now, many of my type are completely stranded. I pray for divine intervension in this nation. May God touch the heart of our leaders.

  12. Musa Danfulani Reply

    469 National Assembly members gulp N1.12 trillion and its ok….But 160 million citizens gulp N1.3trillion and it becomes an issue….wat a heartless govt.

  13. Derick Reply

    I don’t how these pple reason. The proposal of labor is the best for both the govt & the pple. Let us go back to N65, then let us sit down & discuss how & when the subsidy will be removed so that when it is finally removed, it will be once & for all instead of this bit by bit removal. As far there is still N1 on top as subsidy, they will use it to strangle our neck 2moro. So it is either we go back to the former price N65 or the subsidy go now, no in-between.

  14. Gift Reply

    Well N97/per liter is still not okay, for the Nigerian mass, but I still believe that NLC/TUC should suspend the strike and go into negotiation, with the govt. Let us not forget in a hurry that corruption in Nigeria has eating very deep into all arms of the society and cannot be eradicate in a 4-year single tenure, but bit by bit, with a top-down approach. I think removal of fuel subsidy is actually a bold step towards ending corruption in the this nation

  15. vicky Reply

    dats bullshit!

  16. Kingdaves Reply

    Our leader sud jst have d fear of God, and dey sud knw dat one day dey are going to live dis earth and face God’s judgement. Remember six feet. One day monkey go go market and neva return home ooo

  17. Pazarcikli Reply

    is a daming hsiignt into aviation in Nigeria but since we know the problems, why is it so difficult to apply its solutions? Our people are mainly focused on winning elections at all cost but do not understand that “Great ambition and conquest without contribution is without significance.” OBJ’s contribution to Nigeria? Otta Farms despite 3 terms as Head of State?How will history remember YAR’ADUA? Rigged election winner? This is not about the everyday Nigerian that follow the fool with the cola like sheep. They have been conditioned to servitude and as such the leadership qualities found wanting cannot just appear. You cannot teach greed and corruption but highlight it. YAR’ADUA may well be a good person but a leader? Why is he not in the UN appealing for help from its Special Political and Decolonization unit? Why spend the cash we do not have fighting his own people?Google Nigeria and you get; a transit point for heroin and cocaine, major money-laundering center, massive corruption and criminal activity. Very high degree of risk in food or waterborne diseases, vectorborne disease, one of the most highly endemic areas for Lassa fever, water contact disease: leptospirosis and shistosomiasis, animal contact disease: rabies and highly pathogenic H5N1 avian influenza. Is anyone person able to influence anything?We can only highlight these issues and add to the knowledge base. It is folly doing anything without knowledge. Never under-estimate contributions here and elsewhere since “ignorance can be educated, and drunkenness sobered, but STUPID lasts forever.” but future generations replace the dead wood. Obama is a case in point.

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