President Goodluck Jonathan on Tuesday
said the Federal Government would still remove fuel subsidy.
But he said the government would first
discuss the proposal with Nigerians before removing the subsidy.
The President said at the Nigeria
Summit, which held in Lagos, “We cannot continue to waste resources
meant for a greater number of Nigerians to subsidise the affluent middle
class, who are the main beneficiaries (of fuel subsidy).
“We believe that as we progress,
government is going to continue to enlighten Nigerians on the need to
remove fuel subsidy.”
The Federal Government had announced the
total removal of subsidy on petrol on January 1, 2012 without prior
announcement, raising the price of a litre of the commodity to N141 from
N65.