There are strong indications that the pump price per litre of petrol will rise again. President Goodluck Jonathan says that there will be increase in the price, but he will first "discuss" with the public on the easiest way to do it.
It would be recalled that on New Year's Day in 2012, the President greeted Nigerians with the shock increase in petroleum products, as he attempted to scrap so-called oil subsidies. This lead to a nationwide strike and street protests that almost toppled the government.
He solved the problem by partially revoking the effort. He raised the price to N97 from N65 per litre of petrol.
Speaking at a press conference in Lagos, President Jonathan said: "We cannot continue to waste resources meant for a greater number of Nigerians to subsidize the affluent middle class, who are the main beneficiaries."
He did not make any reference to the mammoth corruption and manipulation of the oil sector. Also the President has so far failed to implement the report of the Nuhu Ribadu-led Petroleum Revenue Special Task Force which last year made important recommendations on how to correct problems in the sector.
Meanwhile members of Occupy Nigeria have told Sahara Reporters they will be ready for the President if he gives them the opportunity to again unite Nigerians in street demonstrations.
"We promise never again to be deceived or derailed by organized labour or any pro-government group which may want to sell out," one organizer said.
Source: Sahara Reporters
There are strong indications that the pump price per litre of petrol will rise again. President Goodluck Jonathan says that there will be increase in the price, but he will first "discuss" with the public on the easiest way to do it.
It would be recalled that on New Year's Day in 2012, the President greeted Nigerians with the shock increase in petroleum products, as he attempted to scrap so-called oil subsidies. This lead to a nationwide strike and street protests that almost toppled the government.
He solved the problem by partially revoking the effort. He raised the price to N97 from N65 per litre of petrol.
Speaking at a press conference in Lagos, President Jonathan said: "We cannot continue to waste resources meant for a greater number of Nigerians to subsidize the affluent middle class, who are the main beneficiaries."
He did not make any reference to the mammoth corruption and manipulation of the oil sector. Also the President has so far failed to implement the report of the Nuhu Ribadu-led Petroleum Revenue Special Task Force which last year made important recommendations on how to correct problems in the sector.
Meanwhile members of Occupy Nigeria have told Sahara Reporters they will be ready for the President if he gives them the opportunity to again unite Nigerians in street demonstrations.
"We promise never again to be deceived or derailed by organized labour or any pro-government group which may want to sell out," one organizer said.
Source: Sahara Reporters
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