President Goodluck Jonathan says he will definitely raise gas prices again, but will “discuss” with the public the easiest way to do it.
In New Year’s Day 2012, Jonathan greeted Nigerians with the shock of new oil prices as he attempted to scrap so-called oil subsidies, leading to widespread strikes and protests that almost toppled his government.
He solved the problem at that time by partially revoking the effort. He raised the price to 97 Naira a liter, up from 65 Naira.
Speaking at a press conference in Lagos today, Mr. Jonathan said, “We cannot continue to waste resources meant for a greater number of Nigerians to subsidize the affluent middle class, who are the main beneficiaries.”