Subsidy removal:Jonathan dares Nigerians says I’m ready for mass revolt
President Goodluck Jonathan,has vowed to take the option of social revolt from Nigerians than back down on his plan to withdraw the subsidy on fuel.
Jonathan said his insistence was informed by his knowledge that Nigeria’s economy will collapse in two years if the subsidy is sustained.
According to him, the economy was on the verge of collapse and only an assured extra revenue can halt the slide.
He said alternative revenue is proceeds from the removal of the subsidy.
Jonathan who new that Nigerians were totally opposed to the move, said he was ready to face uprising from the masses than allow the economy to collapse.
He listed ways the proceeds from the subsidy removal would be put to use for the good of the masses.
To start, Jonathan said a seven-member trust fund akin to the defunct Petroleum Trust Fund established during the late Sani Abacha administration would be set up to administer the extra revenue accruable from the subsidy removal.
He said apart from constructing and rehabilitating some infrastructure, he would direct state governments to forward a list of twenty thousand unemployed youths each for immediate engagement, and equally pledged to use the proceeds to tackle maternal mortality and the decay in the education sector.
Towards achieving this, the government is said to have budgeted heavily for an hyper e-campaign propaganda to sway Nigerians to buy into the policy.
It has been running advertorials in the media on the planned subsidy removal.
President Goodluck Jonathan,has vowed to take the option of social revolt from Nigerians than back down on his plan to withdraw the subsidy on fuel.
Jonathan said his insistence was informed by his knowledge that Nigeria’s economy will collapse in two years if the subsidy is sustained.
According to him, the economy was on the verge of collapse and only an assured extra revenue can halt the slide.
He said alternative revenue is proceeds from the removal of the subsidy.
Jonathan who new that Nigerians were totally opposed to the move, said he was ready to face uprising from the masses than allow the economy to collapse.
He listed ways the proceeds from the subsidy removal would be put to use for the good of the masses.
To start, Jonathan said a seven-member trust fund akin to the defunct Petroleum Trust Fund established during the late Sani Abacha administration would be set up to administer the extra revenue accruable from the subsidy removal.
He said apart from constructing and rehabilitating some infrastructure, he would direct state governments to forward a list of twenty thousand unemployed youths each for immediate engagement, and equally pledged to use the proceeds to tackle maternal mortality and the decay in the education sector.
Towards achieving this, the government is said to have budgeted heavily for an hyper e-campaign propaganda to sway Nigerians to buy into the policy.
It has been running advertorials in the media on the planned subsidy removal.
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