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Nigeria: Jonathan Renews Call for Subsidy Removal (19/11/2012)

President Goodluck Jonathan has once again made the case for removing fuel subsidies, saying that the reform is essential to attracting investors to the petroleum sector.
Receiving the report from the graduate participants of the Senior Executive Course 34 of the National Institute of Policy and Strategic Studies (NIPSS) in Plateau State, Jonathan conceded that removing subsidies would make life harder initially but benefit the country in the long run. The report from the NIPSS also made the case for reform.
"Why is it that people are not building refineries in Nigeria despite the fact that it is a big business? It is because of the policy of subsidy, and that is why we want to get out of it," said Jonathan. The President likened reform to a painful surgery that nonetheless must be carried out for it to be healthy. "If you have a young daughter of five years who has a boil at a very strategic part of the face, you either as a parent leave that boil because the young girl will cry or you take the girl to the surgeon. So you have the option of just robbing mentholatum on the face until the boil will bust and disfigure her face or you take that child to the surgeon. On the sighting of a scalpel of the surgeon alone, the child will start crying," he continued.
"But if she bears the pains and do the incision and treat it, after some days or weeks, the child will grow up to be a beautiful lady. There are certain decisions that government must take that may be painful at the beginning and people must be properly informed so that they will be ready to bear the pains," he said.
"I believe that you do not need a lifetime to change a nation. Under 10 years, Nigeria can change and people will not even believe that this is Nigeria again. Immediately you come up with strong policies in key sectors of the economy and keep it for 10 years, the change will be astronomical," added Jonathan.

Tin tức khác

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