ALLAFRICA
VANGUARD [21/11/12]
By Hakeem Baba-Ahmad
"Politics — "Politics the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other." -Oscar Ameringer
During the better-managed and choreographed media outing on Sunday this week, President Jonathan said he thought he was totally misunderstood when he made comments on the need for complete deregulation if investment in the downstream sector is going to be substantially attracted to the Nigerian oil and gas sector.
He had been widely reported a few days ago as suggesting that fuel subsidy will be removed in order to make room for additional investment in areas such as refineries. He said provision for subsidy has been made in the 2013 budget estimates, but insisted that full deregulation will eventually have to involve removal of all subsidies.