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Subsidy Removal An Economic Necessity – President Jonathan

By on January 30, 2012

President Goodluck Jonathan  has said that the removal of subsidy on petroleum is an economic necessity.

He also said that Africa’s economic development will be more difficult to achieve without a free intra-African economic and trading system.

The President however, said the duration of the recent protest against the fuel subsidy removal was challenging.

He disclosed this when he had an audience with Mr. Ban Ki Moon, United Nations’ Secretary General, on the sidelines of the 18th African Union Ordinary Session of the Assembly of Heads of State and Governments in Ethiopia.

”The duration of the protest was challenging, but I am happy that it ended well”, he said.

He also told the UN Scribe that the Government would take up the matter of compensation for oil spills with Shell very soon, with a view to reaching an amicable solution to the problem.

He thanked the UN for the constant support given to Nigeria.