Subsidy stays in 2013–Jonathan -November 19, 2012
PRESIDENT GOODLUCK Jonathan on Sunday assured Nigerians that the subsidy on petroleum would stay in 2013. ………………….
................. “Why is it that people are not building refineries in Nigeria despite 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,” the President had said while receiving the report of the graduating participants of the Senior Executive Course 34, 2012, of the National Institute of Policy and Strategic Studies, Kuru, near Jos, at the Presidential Villa, Abuja.
But the President said on Sunday that he did not say the country was deregulating its oil sector. ‘‘I did not say we are deregulating. But all what we are saying is that if we are to get to that level of Canada, the policy that existed in January, which is public-private sector driven, we have to adopt that in Nigeria,” he said. ……..