Monday, January 16, 2012

FG pegs fuel at N97 per litre -- Labour suspends protests, continues strike


PRESIDENT Goodluck Jonathan, this morning, in his second broadcast to the nation in two weeks, reduced the price of petrol from N141.00 to N97.00 per litre.
However, the Nigeria Labour Congress (NLC) president, Comrade Abdulwaheed Omar said President Jonathan agreed with labour to put on hold full deregulation, while labour meets with the Alfa Belgore Committee from today to resolve all issues within three days.
He claimed that security reports indicated that some people might hijack the mass protest which began last week, hence, labour decided to suspend the protests, but stated that the general strike would continue.
Full text of President Jonathan’s speech:
Dear Compatriots,
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.
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.
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.
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.
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.
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.
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.
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.  
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.
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.
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.
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.
Nigeria belongs to all of us and we must collectively safeguard its unity.
Thank you. God bless the Federal Republic of Nigeria.

Sunday, January 15, 2012

AS Labour/FG Talks Collapse: Strike continues tomorrow – Labour

ABUJA (AFP) – The Federal Government and union leaders ended talks late Saturday without a deal to end a week-old strike that has shut down the country, but a threat by workers to halt oil production was put on hold.
A labour leader meanwhile said the strike over soaring fuel prices that was put on hold for the weekend would restart on Monday if no deal is in place. Another union official said further talks could occur as early as Sunday.
“The meeting is not deadlocked, but we have not reached a compromise,” Nigeria Labour Congress president Abdulwahed Omar told journalists after the meeting at the presidency involving a range of government officials broke up.
Asked if they would now begin shutting down oil platforms, he said, “no, we are taking this thing gradually. We are still giving peace a chance.”
The country’s main oil workers union had threatened to begin shutting down crude production in Africa’s largest oil exporter at midnight (2300 GMT Saturday) if a deal were not reached, but also added that their actions would be predicated on talks at the presidency.
A spokesman for the oil union, PENGASSAN, read a statement over the phone to AFP after Saturday evening’s talks broke up that was in line with Omar’s position.
“In the interest of the ongoing negotiations, the PENGASSAN (national executive council) session has alerted all our members at all production platforms to execute the systematic shutdown if the negotiation process breaks down,” Babatunde Oke said.
He said the union expected further talks on Sunday morning that they would be monitoring before deciding on further action. Other labour leaders and government officials had not officially confirmed such a meeting.
A move by Nigeria’s government to end fuel subsidies abruptly and without warning on January 1 sparked the strike and brought tens of thousands of people out into the streets in protest over the past week.
The move caused petrol prices to more than double overnight, from 65 naira per litre ($0.40, 0.30 euros) to 140 naira or more.
President Goodluck Jonathan was not present when the talks began, but a list of other ministers were there as well as state governors, the senate president and other lawmakers.
The two main labour confederations, Nigeria Labour Congress and Trade Union Congress, held meetings of their executive councils on Saturday and decided to stick to their demand that petrol prices return to pre-January 1 levels.
“If there’s any negotiation at all to be done, the negotiation will only start when the price has gone back to 65 naira,” Denja Yaqub, NLC assistant secretary general, told AFP.
“We are going to convey the same position to him (President Jonathan) tonight.”
A source from the TUC said it had decided on the same position.
Senate President David Mark, who has been acting as a mediator in the process, said after Saturday’s talks that the two sides were on the “right path,” but he provided no details on how a compromise could be reached.
Owei Lakemfa, NLC secretary general, told AFP after the meeting that the government was insisting on negotiating on a price while unions are demanding a return to 65 naira.
He said the meeting “did not go well for Nigeria because we did not reach an agreement … because the country is bleeding.”
Earlier in the day, Nigerians had rushed to markets to take advantage of the break in the strike to stock up on food, but they found prices had often tripled — a mix of sellers taking advantage of high demand and the result of increased transport costs.
“All the same, we still have to buy because we have to eat,” said Olabisi Adekoya, a 36-year-old mother of four at a Lagos market.
Long queues also formed at petrol stations, with some even running dry.
Government officials and economists say removing subsidies was essential and will allow much of the $8 billion per year in savings to be ploughed into projects to improve the country’s woefully inadequate infrastructure.
But Nigerians are united in anger against the scrapping of subsidies, which they view as their only benefit from the nation’s oil wealth. There is also deep mistrust of government after years of blatant corruption.
The main protests in major cities in Africa’s most populous nation have been largely peaceful, though at least 15 people are believed to have been killed in various incidents.
The strike and protests have put the government under mounting pressure as it also seeks to stop spiralling attacks blamed on Islamist group Boko Haram, which have raised tensions and led to warnings of civil war.
More than 80 Christians have been killed in bomb and gun attacks in recent weeks, most of them attributed to Boko Haram, in a country roughly divided between a mainly Muslim north and predominantly Christian south.

Saturday, January 14, 2012

OCCUPYNIGERIA LATEST: Tiwa Savage In A Show Of Shame, Fights Fan Over Picture

Though many believe celebrities have blood running through their vains, but for the fact that they are role models to some people, many expect them to always of the best behaviours.

Some celebs have in the time past fallen victims of indecent public acts not expected of them. Some months ago, Ruggedman and Goldie engaged a fan on twitter where they freely used industrial words and language without shame.

Legendary in the act is the actress with about 58 tattoos on her body, Tonto Charity Dikeh.

The latest convert in the ministry is the United Kingdom returnee singer, Tiwa Savage. Tiwa Savage took a picture with a fan (shown above), which was uploaded on twitter. When she retweeted the picture,another fan commented on it this way, "you no even fine. Nah only on top TV yo u dey fine." This infuriated the 'kelekele love' crooner and offensively responded, "you are very stupid and senseless. Your face and heart is UGLY."

She continued with this, "In this condition in naija you have the nerve to send that tweet."In a response, the at this point went further in insulting her with this, "So immature, Lol. You are f**king rude with no manners. F**k you." At this point, one would have expected Tiwa Savage to take her cool, but alas! She responded this way, "you are a waste to the Nigerian population."

For her fan she is having a swell time exchanging hot words with, he would not stop. "I dont giv a f**k. After all you can kiss transformer for me being a waste," was his reponse to Tiwa.

Our dear new entrant into the Nigeria became sarcastic in her response when she wrote, " it hit you hard abi? Next time, think before you open your smelling mouth. Ode oshi (stupid fool).

The fan quickly replied, " if I hit you hard, I'm sure you will forget you have a music career. I just pity u ni." In what seems like submission to the game between Tiwa and her fan, she replied with pity, "*hit a woman abi? Well done," the dramatic and disgraful movie ended.



8 Things That Make Every Woman Insecure in Realtionship

s she always appear cool and confident to you? Or, conversely, do you sometimes feel like she has more than her share of insecurities?
Most women, no matter how they present themselves to the outside world, have a few nagging insecurities, especially when it comes to dating. Indeed, the dating world can be rough, and while men also have their share of insecurities, they tend to stress about very different things.
The following are just a few of the things that a woman tends to worry about when it comes to dating or being in a relationship.
Do keep this in mind: Your actions can make a big difference in terms of how secure she’ll feel when she’s with you — so read on for some helpful hints on how to boost her dating confidence.
her dating insecurities!
1- You might not call her after the date
Following through with what you’ve promised her is the first step to building a woman’s trust. So, if you say you are going to call her on Thursday, call her on Thursday. If you say Friday, do it. If that’s not your style, though, or you’d like to keep her attention, just don’t be definite about when you’ll be calling. It’s better than breaking a promise, and at least she won’t be waiting by the phone on a particular day.
2- You just want to sleep with her
It’s a hard line to walk: If you make a move too soon, she’ll think that’s all you want. If you wait too long, she’ll think you’re just interested in her friendship. The best way to work this is to just be sincere. If you are genuinely interested in pursuing a relationship with her, let her know. From there, she’ll give you the signals to let you know when she’s ready to get romantic with you.
3- You’re dating other women
It is perfectly acceptable to casually date more than one woman at the same time — as long as you are honest about it. So, if you are dating multiple women, don’t lie about it. You don’t have to bring it up in the conversation, but if she does, be honest. Once you start sleeping together or things seem to take a turn for the serious, she might assume you’re exclusive, so it’s only fair to let her know if that’s not the case.
She’s scared you’re cheating. Here’s what to do
4- You’re not that interested
Even the most confident woman sometimes needs a little affirmation that you’re interested in her. You could let her know by telling her outright or through a gesture, such as sending her flowers or calling her in the middle of the day — just a little hint to let her know that she’s special to you.
her relationship insecurities
5- You’re cheating on her
Ask yourself the following question: Why is she insecure that I’m going to cheat on her? Have you given her a reason by cheating in the past? If that’s the case, we’d be hard pressed to say that she’s being irrational. If that’s not the case, however, you have to discuss the issue head-on and let her know that you are committed and have no intention of cheating.
6- She’s not satisfying you in bed
Just like men, women have a lot of performance anxiety in the bedroom. If things are going well in that department, make sure to let her know. If not, however, be sure to address the issue in the most sensitive manner possible. For example, don’t tell her, “I don’t like the way you…” Instead, tell her, “Let’s try it this way…”
7- You’re not attracted to her anymore
Just because you are a few years into a relationship, it doesn’t mean that she doesn’t need reassurance anymore. In fact, because you are a few years into a relationship, you have to work extra hard to let her know that you still find her attractive. Remember to compliment her and let her know that she still has it. This will reap rewards for you too — it’ll help keep your romance alive.
8- Another woman is stealing your attention
Do you flirt with other women in front of her? If you do this consistently, we don’t blame her for feeling insecure in this department. There is nothing wrong with harmless flirting — but when you’re with her, devote all your attention to her. You can flirt on your own time.
secure her
Yes, the world of dating is harsh. But with a little foresight and sincerity, you can make her feel infinitely more secure — both about your relationship and about herself. After reading the above tips, you should now be in a much better position to boost her sinking ego. So, if you genuinely care about her, isn’t it worth the extra effort?




Labour, allies suspend strike for two days

Y VICTOR AHIUMA-YOUNG & FAVOUR NWABOWU, Lagos
ORGANISED labour and its civil society allies, yesterday advised Nigerians to use today and tomorrow to restock and re-energise for the next phase of the nationwide strike and mass protest to force the Federal Government to revert the pump price of Petrol to pre-January 1, 2012 price of N65 per litre.
Under the umbrella of Labour and Civil Society Coalition, LASCO, the group said unless the government between now and Sunday, reverted to the old price, the second phase of the strike, would commence on Monday, January 16, with greater fury.
In a joint statement by Acting General Secretary of Nigeria Labour Congress, NLC, and Trade Union Congress of Nigeria, TUC, Comrade Owei Lakemfa and Chief John Kolawole, respectively, on behalf of LASCO, commended Nigerians for turning out in their millions since Monday January 9, 2012, to protest the astronomical increase in the price of PMS (Petrol), saying their resolute stand and insistence in struggling for a better country.
According to the statement “The Labour Movement and its civil society allies after nationwide consultations has decided that this weekend, Saturday 14th  and Sunday  15th January, 2012, will be observed as strike, protest and rally-free days. We ask Nigerians to utilize these days to rest, restock and get re-energized for the continuation of the strikes, rallies and protests from Monday 16th January, 2012.”
Discussions with Government
“The NLC, TUC and their allies in the Civil Society Movement on Thursday 12th January,  2012 met with the Senate leadership, Nigeria Governors Forum and the Executive Arm.
resident ,Nigerian Labour Congress (NLC),Omar Abdulwaheed (middle) addressing protesters on the outcome of the meeting with the President on the fuel subsidy in Abuja yesterday. Photo by Gbemiga Olamikan.
At the meeting,  Labour asked the Presidency to suspend the new petrol (PMS) price increases announced on January 1, 2012.  In return, we offered to suspend forthwith, the strikes, mass rallies and street protests. We also suggested that an expanded committee be set up which would discuss the fuel subsidy issue and pricing for petrol.
The Government side presented a counter proposal asking Labour to negotiate new fuel prices. Since we had no such mandate, Labour declined and decided to return to its National Executive Council meetings which will be held on Saturday 14th January, 2012 for a possible expanded mandate.”

NOLLYWOOD ACTRESS SOLA KOSOKO MARRIES

 
 
 
Pretty daughter of Veteran actor, Prince Jide Kosoko, Sola is now a married woman .

She got married to her lover Abiodun Abinna at a private ceremony which took place at solitude Hotel,Jibowu ,Lagos .

The news of the wedding didn’t create a buzz unlike the other showbiz weddings that have held in recent times but the reason isn’t far fetched.This is because the talented thespian is one actress who loves to keep her private affairs close to her chest.

The ceremony had a lot of personalities in attendance .

It was well organized and guests were feted to lavish entertainment.

There was free flow of assorted drinks and variety of delicacies.

The Bride's father ,Jide kosoko expressed his happiness while speaking to newsmen “this is one of the happiest moments of my life and I wish the couple a happy married life", he said.

Congrats to the couple!

Ini Edo, Ozokwor bag chieftaincy titles

 

VETERAN actors Chinwetalu Agu,Patience Ozokwor a.k.a Mama G, Hon Richard Mofe Damijo(RMD) and pretty actress Ini Edo-Ehiagwina,top actor Emeka Ike have been conferred with Chieftancy titles by the traditional ruler of Egbunike, Anambra State.
Ini Edo
As gathered,these film makers were honored as a result of their excellent interpretation of movie roles that project Igbo traditions to the world.

Sunday, January 8, 2012

13,680 Prostitutes (Ashewos) Operate In Lagos Every Night !

With the situation of things, not just the state of economy is deteriorating in Nigeria, our morality is gradually being thrown away too.
 In a recent interview, Mrs. Ebele Nwuzor who runs an NGO, Sympathy Foundation Worldwide, which has a self-imposed task of rehabilitating prostitutes in Nigeria, disclosed that:



"Since Amuwo Odofin is our neighbourhood, we decided to carry out a survey on the number of girls into prostitution. As at 2008, we discovered that Amuwo Odofin local government had 24 brothels, nightclubs and hotels. We discovered that each of them has an average of 28 girls coming to hawk sex per night. Now, looking at the number of brothels and having 28 on the average, we were able to come up with 684 per night hawking sex in Amuwo Odofin. If you multiply that figure by 20 (local government areas in Lagos) you will arrive at 13,680 girls hawking sex per night in Lagos alone. Don’t forget that this number does not include freelancers and undergraduates who leave their schools and stand in the streets at night. The figure is for those who have owned up to the fact that prostitution is their business."

Celebrities React To Fuel Subsidy Removal

It might come as a surprise to many Nigerians that celebrities in the country are against the removal of fuel subsidy, judging by their massive support for President Goodluck Jonathan during the 2011 Presidential Election. Comments by some of these celebrities from different parts of the country on the removal of the hotly debated fuel subsidy removal by the president on New Year’s day, shows that they are bitter with his action.

Aguma, an Abuja-based artiste

“When Blackface said in his song, this na hard life for Naija; People thought it was a joke. Thank God that everything is visible. We no go die.”

Osaretin Ogbemudia of Love Heart Production (movie producer and director)

“We are not against fuel subsidy, but the timing is the problem. How does he expect us to survive.

Lizzy Anjorin (Actress)

“Our leaders are just being wicked. Why remove the subsidy at this time of year when people are still trying to get their priorities right? It is bad.”
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Cynthia Agbolor (Actress)

“It appears our government is confused and the best thing for them to do is to vacate their seats. They should provide for us accommodation, good roads, stable electricity, and other infrastructures before coming up with this subsidy removal of a thing. It is the height of wickedness.”
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Monalisa Chida (Actress)

“It should not be reversed, but the implementation should be done in phases of 50 per cent increment, rather than the 200 per cent that was done on January 1. Also, the refineries should be immediately revamped to optimum level of production to make the effect of the subsidy removal minimal on the masses.”
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Foluke Daramola (Actress)

“This government is not sincere, if not they would have given us at least three-month notice before removing the subsidy. There are many issues that needed to be tackled other than the fuel subsidy removal. And the problem with Nigeria is that it depends so much on fuel than any other thing. Tell me why our railway is not working. This government is just wicked.”
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Aishat Ibrahim ‘Omoge Campus’ (Actress)

“It is wickedness of the highest order. Our leaders don’t have the fear of God for them to have taken such decision. I don’t blame them; when their wives don’t go to the market or go to filling stations to queue for kerosene, and the so-called leaders don’t to go to filling stations to queue for fuel.”
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Bond Emeruwa, President, Directors Guild of Nigeria

“I don’t think Nigerians are ready for any subsidy removal now. There are many things to be done, not the fuel subsidy removal. There are other issues like power, security and so many things that require urgent attention. What do they mean by wanting to use the money for the subsidy to do other things? Can’t they remove the money from their own pocket? I learnt they budgeted 1.2 billion naira for the president’s feeding allowance ; can you imagine that? They are wicked!”
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Yemi Solade (Actor)

This fuel subsidy is a technical thing. It would have benefited Nigerians if it was well implemented. It may not be this year, but in years to come. It is wrong timing on the part of the government.
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Adebayo Salami ‘Oga Bello’, former president of the Association of Nigeria Theatre and Arts Practitioners (ANTP)

“Government should not have removed fuel subsidy now. They should have considered the people they are governing before taking action. It is a bad timing. I heard that someone who claimed to be representing Nollywood was going about claiming that we artistes are in support of fuel subsidy removal. We never supported it. It is wickedness on the part of the government.”
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CEO Mohits Records, Michael Elebeli Collins aka Don Jazzy,

“I hardly regret the decisions I make. That my one vote added to put the current government in power is one decision I regret with all my heart.

Bearing his mind further, the talented music producer said, “What I don’t know is, if the man we all voted for deceived us knowing [that] he would turn out to be like this or is there someone else leading us? May God help us. “God knows that the government has not given Mohits any kobo like I have always said. I am boldly putting [it] out here for anyone to contest. We all voted for the President Jonathan because at that time, we thought and believed he would be the one to move the country forward. My conscience is clear,” he stated.




Subsidy protest: Read text of President Jonathan’s broadcast

Subsidy protest: Read text of President Jonathan’s broadcast

08/01/2012 05:47:00 Share

NATIONAL BROADCAST BY PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, ON THE DEREGULATION OF THE DOWNSTREAM PETROLEUM SECTOR SATURDAY,  JANUARY 7, 2012
___________________________________________
Dear Compatriots,
1.    A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation. That course of action attracted widespread support and a demonstration of understanding. With that declaration, government had again signaled its intention to combat terrorism with renewed vigour and to assure every Nigerian of safety.
2.   The support that we have received in the fight against terrorism from concerned Nigerians at home and abroad has been remarkable. We believe that it is with such continued support that progress can be made on national issues. Let me express my heartfelt appreciation to everyone who has expressed a commitment to support us as we strive to improve on the country’s security situation, and build a stronger foundation for the future.  The recent mindless acts of violence in Gombe, Potiskum, Jimeta-Yola and Mubi are unfortunate. I urge all Nigerians to eschew bitterness and acrimony and live together in harmony and peace. Wherever there is any threat to public peace, our security agencies will enforce the law, without fear or favour.
3.   This evening, I address you, again, with much concern over an issue that borders on the national economy, the oil industry and national progress.  As part of our efforts to transform the economy and guarantee prosperity for all Nigerians, Government, a few days ago, announced further deregulation of the downstream petroleum sector. The immediate effect of this has been the removal of the subsidy on petrol.
4.   Since the announcement, there have been mixed reactions to the policy. Let me seize this opportunity to assure all Nigerians that I feel the pain that you all feel.  I personally feel pained to see the sharp increase in transport fares and the prices of goods and services. I share the anguish of all persons who had travelled out of their stations, who had to pay more on the return leg of their journeys.
5.   If I were not here to lead the process of national renewal, if I were in your shoes at this moment, I probably would have reacted in the same manner as some of our compatriots, or hold the same critical views about government.  But I need to use this opportunity as your President to address Nigerians on the realities on the ground, and why we chose to act as we did. I know that these are not easy times. But tough choices have to be made to safeguard the economy and our collective survival as a nation.
resident Jonathan during the budget presentation to the joint session of the National Assembly.
6.    My fellow Nigerians, the truth is that we are all faced with two basic choices with regard to the management of the downstream petroleum sector: either we deregulate and survive economically, or we continue with a subsidy regime that will continue to undermine our economy and potential for growth, and face serious consequences.
7.   As you all know, the subject of deregulation is not new, we have been grappling with it for more than two decades. Previous administrations tinkered with the pump price of petroleum products, and were unable to effect complete deregulation of the downstream sector. This approach has not worked.  If it did, we would not be here talking about deregulation today. I understand fully well that deregulation is not a magic formula that will address every economic challenge, but it provides a good entry point for transforming the economy, and for ensuring transparency and competitiveness in the oil industry, which is the mainstay of our economy.
8.   As a President, elected and supported by ordinary Nigerians, and the vast majority of our people, I have a duty to bring up policies and programmes that will grow the economy and bring about greater benefits for the people.  Let me assure you that as your President, I have no intention to inflict pain on Nigerians.
9.    The deregulation of the petroleum sector is a necessary step that we had to take. Should we continue to do things the same way, and face more serious economic challenges? Or deregulate, endure the initial discomfort and reap better benefits later? I want to assure every Nigerian that whatever pain you may feel at the moment, will be temporary.
10.               The interest of the ordinary people of this country will always remain topmost in my priorities as a leader. I remain passionately committed to achieving significant and enduring improvements in our economy that will lead to sustained improvement in the lives of our people.
11.               I am determined to leave behind a better Nigeria, that we all can be proud of. To do so, I must make sure that we have the resources and the means to grow our economy to be resilient, and to sustain improved livelihood for our people. We must act in the public interest, no matter how tough, for the pains of today cannot be compared to the benefits of tomorrow.  On assumption of office as President, I swore to an oath to always act in the best interest of the people. I remain faithful to that undertaking.
12.                To save Nigeria, we must all be prepared to make sacrifices.  On the part of Government, we are taking several measures aimed at cutting the size and cost of governance, including on-going and continuous effort to reduce the size of our recurrent expenditure and increase capital spending. In this regard, I have directed that overseas travels by all political office holders, including the President, should be reduced to the barest minimum. The size of delegations on foreign trips will also be drastically reduced; only trips that are absolutely necessary will be approved.
13.               For the year 2012, the basic salaries of all political office holders in the Executive arm of government will be reduced by 25%. Government is also currently reviewing the number of committees, commissions and parastatals with overlapping responsibilities. The Report on this will be submitted shortly and the recommendations will be promptly implemented. In the meantime, all Ministries, Departments and Agencies must reduce their overhead expenses.
14.               We are all greatly concerned about the issue of corruption. The deregulation policy is the strongest measure to tackle this challenge in the downstream sector. In addition, government is taking other steps to further sanitize the oil industry.
15.               To ensure that the funds from petroleum subsidy removal are spent prudently on projects that will build a greater Nigeria, I have established a committee to oversee the implementation of the Subsidy Reinvestment and Empowerment Programme. I sincerely believe that the reinvestment of the petroleum subsidy funds, to ensure improvement in national infrastructure, power supply, transportation, irrigation and agriculture, education, healthcare, and other social services, is in the best interest of our people.
16.               Fellow Nigerians, I know that the removal of the petroleum subsidy imposes an initial burden on our people, especially the rising cost of transportation.  Government will be vigilant and act decisively to curb the excesses of those that want to exploit the current situation for selfish gains.  I plead for the understanding of all Nigerians.  I appeal to our youth not to allow mischief-makers to exploit present circumstances to mislead or incite them to disturb public peace.
17.                To address the immediate challenges that have been identified, I have directed all Ministries, Departments and Agencies of government to embark immediately on all projects which have been designed to cushion the impact of the subsidy removal in the short, medium and long-term, as outlined in the Subsidy Reinvestment and Empowerment Programme Document.
18.                Tomorrow, 8th January, I will formally launch a robust mass transit intervention programme to bring down the cost of transportation across the country. The programme will be implemented in partnership with state and local governments, labour unions, transport owners, and banking institutions, and  supported with the provision of funding at zero interest rate as well as import duty waiver on all needed parts for locally-made mass transit vehicles, which will create additional jobs in the economy.
19.               We will keep these incentives in place for as long as it takes. I want to assure you that Government will not rest until we bring down the cost of transportation for our people.  Let me thank the transporters’ associations that have agreed to reduce transport fares. I have directed the Minister of Labour and Productivity to work with these associations to come up with a sustainable plan to guarantee this within the shortest possible time.
20.                In addition, I have ordered the mobilization of contractors for the full rehabilitation of the Port Harcourt –Maiduguri Railway Line and the completion of the Lagos-Kano Railway Line. I have also directed the immediate commencement of a Public Works programme that will engage the services of about 10, 000 youths in every state of the Federation and the Federal Capital Territory. This will create an additional 370, 000 jobs.
21.               Government has taken these decisions in the best interest of our economy, so that we not only have benefits today, but to ensure that we bequeath even greater benefits to our children and grandchildren.
22.                Let me assure Nigerians that every possible effort will be made to ensure that we march forward, with a collective resolve to build a Nigeria that can generate greater economic growth, create and sustain new jobs, and secure the future of our children.
23.                This Administration will aggressively implement its programme to reposition and strengthen our economy, while paying adequate attention to the immediate needs of our citizens.
24.                I assure you all that we will work towards achieving full domestic refining of petroleum products with the attendant benefits.
25.                As I ask for the full understanding of all Nigerians, I also promise that I will keep my word.
26.               Thank you. May God bless you; and may God bless the Federal Republic of Nigeria.
Goodluck Ebele Jonathan, GCFR
President
Federal Republic of Nigeria
January 7, 2012