Goodluck Jonathan's Presidential Address On The Implementation Of The Deregulation Policy-EMBARGOED


Embargoed: Not For Broadcast Before 0700hrs On Monday, January 16, 2012
  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.

Federal Republic of Nigeria

299 comment(s)
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Gentility of a tiger is not the sign of sutupidity

We need a better tomorrow for NIGERIA PLS

re_petroleom price hike

Mr president you had already mention that ,there is few cabal who are feeding fat on oilsubsidy,sir you are not only in govt but you are in power. How can you this caltel to impoverish an ordinary nigerians who are strugling to feed themselves and their families.sir when you are penciled to deputize the late president yar'adua because I had you peridegree on accountability and prudence management of resources. And we see hope in you to take our country to the promiseland. Still we know you are goodman but those expired. Politician who are pushing you to add another hardship to nigerians they cannot succeed. Sir we hope you will rescind your decision on the deregulation on the petroleoum downstream sector.And sir anybody who told you northerners are against your regime they are hypocrite, an average northerner is only fight to see foods on his table, provided he will conduct his legitimate bussiness in peace and security. Wish you successfull tenure


Oga abeg this not we voted u for na. Please think rite.


I thank you humbly for sarhing your wisdom JJWY

book haram

I am a Nigerian citizen who resides in R.C.A
I respectfully come near your great personality if I allow you to disseminate necessary information on the book haram to stop them wreaking havoc dan s country.
Of my message that you would be sure to contact me on my address if it


Has anyone ever imagine when the country will be free from OBJ regime, with this new agenda of fuel subsidy his dog (GEJ) brought up some days ago, yet some useless youth still have the mind to support this. Can any of you guys just give me the meaning of your own subsidy, or are there no school where U guys live? This is more than just a fraud but a scam, I now see the reason behind the foundation of many anti-curruption agency is only to stop we GEE boys from trying their own format on our client (maye). It's now reveal that everyone of our leader are potential scammar. I'm sorry for this country future.....

Somebody shoot the

Somebody shoot the bastard....where is the killer of JFK when you bloody need him...arrrrggggghhhh!!!!!

Liar Leader, and dumb follower

How do you define the reason for saluting courage,you clueless dimwit-Bbj
Courage is when you go against the norm ( corruption ) to do the right thing. Your president is NOT Courageous, he is not even fit to be saluted as a president,

As for you Bbj- its your children i feel the most sorry for.......


My Biggest disappointment is in the labour leaders. They've killed all hopes we Nigerians had that the country was getting better. They are worse than any government because they feed off from deceiving the people. Adam Oshiomole proved this in his time and now his former colleague is just as bad. They have taken all of us for a ride. How can they say there were not part of the new price fixing yet they've called off the strike. God will deal with them

N65 or nothing!!

N65 or nothing. Jonathan and his cabal should take note. His N1.3t can be generated easily if he cuts by 50% his salary and allowances and those of his cabinet, senators and members of house of reps and the salaries of state governors and their own cabinets. Also if he gets rid of the bogus security vote Nigeria will have more money. He should just cut off all the excesses in government. He should not fail to arrest and prosecute all the oil subsidy thieves and all those thieves that have wrecked our economy with their massive corruption.


The Lord, God of Israel is your strength,Thou mighty man of valour.
The battle is not your but Gods' though the Giants may be on your way to hinder, God will surely give you Victory.

na u be d second fool after ur boss

May GOD purnish ur mouth, fire burn you to hell with u and ur family @ a go. Madman.

Pink nosed president of yours......what a mole

Youngebee......youarenotsupposedtoyabthatindevidual.Iknowheisbeinignonarantbutwhyusetheword'idiot,fool and all? You are supposed to us words like:extreme jeter, and a  gullible motel fool .the indevidual sure is asaphaed,because from his words realise that he lacks the very good judjement of a resonable a human.the sap head doesnot noties thatat the d pink nosed ddick faced president has no idea of our to rule plus doenot have the basic intelligence of a smart person,just as dumb as. As the word DUMB is.
That cock sucker should eather be removed or turtured......Nigerians should just try not to lose there precious lif during this mad Period of downfall.'


God will punish ur dirty mouth for that ignorant statement ў☺ǘ just made, u think to move forward this country its just to promise and fail the people time and time again....its hypocrites like ў☺ǘ that are driving these cause backward...bloody coward and snake....ў☺ǘ will meet wat u deserve soon...


if u want us to support u sell those 4 private jets use d money for d public interest mr GEJ

I pity the President!

GEJ's tryin 2 solve problems of many yrs in just a few years of his administration not mindin d effect on masses, but how sincere is he? If he is an expert in taking drastic actions, why has he nt taken one 2 quench d devilish Boko Harram sect and corruption?
We didn't hear d President say a thing about all the other many questions raised. The problem we have wit government is lack of trust and existence of so much corruption. If d President wants 2 break away frm past, y has he nt dealt with the pple dt perpetrated subsidy fraud or is it because he soiled his hands wit their dirty money dring d elections? Why have they nt passed the Petroleum Industry Bill? Why can't they reduce the monetary benefits attached to holding a public office?
Let the President Libya & co. The way & manner he dropped d new price on us requires that he reverts back to #65 b4 any further action on subsidy removal.


All of u on GEJ side. u will get want u want.i know that one day ur children and grandchildren will ask you for it.u all think it's about transportation but you refuse to understand that it goes beyond that.You can only put ur trust in GOD and not on GEJ becos he will let u down and by then there wont be a way out.

To ThE no backboners

Those that think Nigerians are fools for being angry @ corruption are the fools,and those that laugh @ our tears with condensation are the bigger fools,and its time to stop throwing in remarks about the fact that we chose fucking GEJ,Nigerians have always yielded to the corrupt way of election for lack of sufficient evidence but now that corruption stares us in the face we are standing firm I say yes and well done to Nigeria for having the backbone to say enough is enough those that are tired of the strike are spoilt and claim its affecting the poor one well I have news for you the poor people are use to this and we fight cos of them so piss off or grow a backbone mtss

jonathan out

i guess u r an IGBO MAn who is always after money not freedom Or Hausa man who cares for his family alone. better watch ur words because we need freedom in niger and we want to enjoy our wealth.

Why settle for N65? Why not

Why settle for N65? Why not demand that PMS be provided free? Come on! We need to be sensible on this issue. For how long should the price remain static at N65?

Lame duck president. You can

Lame duck president. You can see he only follows what the 3 or 4 surrounding him tells him to do. It is a shame that our country is in this mess. It's time to start showing these useless leaders that if they continue to make live difficult for Nigerians; we can also make their lives harder.
Strike continues!!!

gej,s speech

We are all players in the field of positive Governance.Enough is enou!gh

Industrial Court My foot!!

So this fake Jonathan could be saying Labour disregard the restraining order of industrial court? Court my foot! The same court you disregarded when you and your good-4-nothing party were restrained from disqualifying Governor of Balyesa state from contesting for the February election? The same court you disregarded over the issue of Justice Salami, when you pretended as if you were not aware? So you now think you could go to the same court and obtain black market injuction? NO way!! He who comes to equity must do so with a clean hand. Unfortunatley your hand are very very dirty. The bad precedents you laid will forever follow you and your generation while your name will never be written in gold but with pencil on a rough paper. You are really the worst leader Nigeria has ever had.

Industrial Court My foot!!

So this fake Jonathan could be saying Labour disregard the restraining order of industrial court? Court my foot! The same court you disregarded when you and your good-4-nothing party were restrained from disqualifying Governor of Balyesa state from contesting for the February election? The same court you disregarded over the issue of Justice Salami, when you pretended as if you were not aware? So you now think you could go to the same court and obtain black market injuction? NO way!! He who comes to equity must do so with a clean hand. Unfortunatley your hand are very very dirty. The bad precedents you laid will forever follow you and your generation while your name will never be written in gold but with pencil on a rough paper. You are really the worst leader Nigeria has ever had.


What a re-actionary President? Jonathan is still not to be trusted. Let him break-down the benefits of his fuel subsidy removal gains in naira and kobo. Let Him also break down the savings to be made from emolument reduction of political office holders. We demand to know how each political office holder earns. Let him also tell Nigerians about the so called security votes givn to himself and governors, while insecurity abound. This speech is fraught with insincerity. We need leaders not stooges.

This is d beauty of democracy

This is d beauty of democracy as well as d power of the handheld...dt people can say wt they want using wtever means dy choose. Subsidy removal has nothin to do with religion, as it wasn't slapped on any particular religios grup but d totality of the nigerian people. Jonathan has shifted ground yes but its left for d nigerian people to accept or reject n no individual or interest group can force a decision down our throat. Moreover evry nigerian is as patriotic as d other n dts wy we protested to fight for the continued survival of our country n not to buy cheap fuel. Leadership is a trust n governance a burden n gej offered himself n now he must serve...simple. Nigeria will survive. Respect to u all comrades.

Crude Oil export.

Let me state clearly that iam not a supporter of the cabal, but the above calculation is quite misleading in many respects. First the writer assumed $113 per barrel which is the current spot price. However our crude are sold on forward contract basis which is far lower than the quoted figure.

Secondly, he left out the other partners like shell, chevron and the rest who has an existing production sharing contract that sometimes skewed in their favour with a holding of 55% leaving only 45% for Nigeria.

Thirdly the calculation do not take into cognisance the cost of production, freight, insurance and other associated cost before realising sales.

Furthermore all money being allocated to other tiers of governments like all the 36 states and FCT, all the 774 local government areas.

My submission is if the above calculation were to be correct then we will not have deficit budget which leads government to issue bonds to cover the shortfall.

I hav no shoes

That's d problem of electn a president that has no shoes. If he knows d pains inflictd on nigerians by dis fuel hike y is he insisting d@ subsidy most be removed. There is a lot of wastages in government budget let them remove does wastages nd cut down government spendings.

Give GEJ time

I have much not to say but i appeal to our youth, nlc and tuc to comply wit this presence administration.Pls stop using abusive words on GEJ is unfair i beg ur pardon. Thank u.

Stupid of u

Stupid of u

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