GEJ's worshipers will try to make it look like the January 1st, 2012 subsidy removal was the brain child of GEJ. With the attempt at removal by PMB, you hear things like we have to apologies to GEJ, GEJ was right after all and all their nonsense. the truth remains that OBJ has been trying to remove this same subsidy since 2001, the only difference is that he always used the word deregulation. His explanation then on the need to remove subsidy was more intelligent that that provided in 2012. All attempts at deregulation or subsidy removal have always come with a backlash and this will not be different.
GEJ's apologist will always try to make the guy look like he brought novel ideas.

Nigerian President Olusegun Obasanjo said on February 27th that his government would continue with its controversial plan to deregulate the country’s downstream oil sector, despite strong opposition from labor groups.



Obasanjo indicated that the West African government could no longer afford to subsidize gasoline prices. He said that: “At the moment, the price at which oil is being sold is not the cost price plus profit but artificially suppressed.”



The government has said that fuel subsidies cost the OPEC producer nearly $2 billion a year and that deregulation would end the subsidy and boost private participation in fuel supply and distribution.



Labor groups have threatened strikes if the government pushes ahead with its plan, after the nation had in June been crippled by protests over fuel prices.



Obasanjo has said that deregulating the downstream sector is the solution to ending long-running fuel scarcities, which have forced Nigeria to rely on costly fuel imports.



As severe gasoline shortages have entered their sixth week, a two-day parliamentary hearing was launched on February 27th to find a lasting solution to the country’s fuel crisis.



Obasanjo also indicated that the country was in sore need of private investment in its ailing oil refineries, which have been running well below their combined nameplate capacity of 445,000 b/d.



The Nigerian president had promised to privatize the four domestic refineries in the first part of 2001, after an earlier postponement, but this process has now been pushed back by up to a year.

(oilnavigator)




© 2001 Mena Report (www.menareport.com)

http://www.albawaba.com/business/obasanjo-promises-deregulation-fuel-woes-deepen

Nigerian President insists on planned deregulation of oil industry


Feb 27, 2001 01:00 AM


Nigerian President Olusegun Obasanjo has insisted on the planned deregulation of the oil industry, the dominant economic sector of the country. Obasanjo said deregulation will mean the end to the existing subsidy system in the sector.

Due to the non-competitiveness of the fuel prices in Nigeria, no investor will establish a refinery in the country, said the president. Instead, the government will subsidize the social services and improve public utilities like education, health, transport, power, and water services, Obasanjo said.
Nigeria currently spends billions of dollars on subsidization of oil products every year, but still experience fuel shortages from time to time.


Source: Xinhua via Newspage

http://www.gasandoil.com/news/2001/03/nta11233

did obj put his mouth action to real action?
there are some policies that this government have implemented that was actually started by GEj's regime.

He tried to. He increase pump price up to 6 times in his regime. Don't forget he met it at 11 naira from Abacha's time and left it at 70 naira when he was leaving

lomprico:
did obj put his mouth action to real action?
there are some policies that this government have implemented that was actually started by GEj's regime.

Obj started it and moved from 11 naira to 70 naira. GEJ did continue, my own gross is that GEJ's apologist try to make it look like it was GEJ's idea that was resisted by the then opposition when the records show that OBJ has been trying to do the same thing since 2001.

MabraO:
Obj came up with idea

GEJ initiated half way nd went backward

Pmb continued from a certain point nd had fully deregulated it or simply put removed subsidy

OP, you sounded intelligent but unfortunately, your sense of intellect has been completely murdered on the altar of hate, spite, parochialism and dumb cynicism. According to your narratives, someone fiddled with the concept of subsidy removal(or deregulation as you called it) while another actually put his words into action. I don't think you need anybody to interpret the difference between those two comparatives. The long and short of it is that OBJ never removed subsidy but Jonathan did. No matter how you try to downplay the satanic roles played by APC stalwarts in the infamous Occupy Nigeria Protests, Nigerians with untainted conscience would never be deceived. APC is a congregation of heartless human beings who should be detested by all and sundry except people like you whose conscience have been mortgaged.

OLADD:
OP, you sounded intelligent but unfortunately, your sense of intellect has been completed murdered on the altar of hate, spite, parochialism and dumb cynicism. According to your narratives, someone fiddled with the concept of subsidy removal(or deregulation as you called it) while another actually put his words into action. I don't think you need someone to interpret the difference between those two comparatives. The long and short of it is that OBJ never removed subsidy but Jonathan did. No matter how you try to downplay the satanic roles played by APC stalwarts in the infamous Occupy Nigeria Protests, Nigerians with untainted conscience would never be deceived. APC is a congregation of heartless human beings who should be detested by all and sundry except people like you whose conscience has been mortgaged.

Obj did not fiddle with the idea, he increased the fuel price six times, from 11 Naira to N75, before Yar adua reduced it back to N75

For those of you too young to remember, it during the Abacha era that the issue of fuel SUBSIDY removal first came up.

Leave them to their hero worship and trying to turn logic on its head.

huptin:


Obj did not fiddle with the idea, he increased the fuel price six times, from 11 Naira to N75, before Yar adua reduced it back to N75

huptin:


Obj did not fiddle with the idea, he increased the fuel price six times, from 11 Naira to N75, before Yar adua reduced it back to N75

Did you read my post before quoting me? Obj indeed fiddled with the idea of subsidy removal but he couldn't accomplish it..

OLADD:
OP, you sounded intelligent but unfortunately, your sense of intellect has been completed murdered on the altar of hate, spite, parochialism and dumb cynicism. According to your narratives, someone fiddled with the concept of subsidy removal(or deregulation as you called it) while another actually put his words into action. I don't think you need someone to interpret the difference between those two comparatives. The long and short of it is that OBJ never removed subsidy but Jonathan did. No matter how you try to downplay the satanic roles played by APC stalwarts in the infamous Occupy Nigeria Protests, Nigerians with untainted conscience would never be deceived. APC is a congregation of heartless human beings who should be detested by all and sundry except people like you whose conscience has been mortgaged.

On point

lomprico:
did obj put his mouth action to real action?
there are some policies that this government have implemented that was actually started by GEj's regime.

which policies gej start in real action that pmb implemented?

Jesusloveyou:
which policies gej start in real action that pmb implemented?

TSA

lomprico:

TSA

i mean in real action, not in mouth action, gej was not man enough to start TSA and BVN,