PRESIDENT Goodluck Jonathan,Tuesday, met with the caucus of the
Peoples Democratic Party (PDP) to brief them on the planned removal of
the petroleum subsidy, beginning from the first quarter of 2012.
Earlier on Tuesday, the Federal Government committee on the subsidy met at the Presidential Villa, with Vice President Namadi Sambo presiding and the issue of the modalities for managing the entire subsidy were extensively discussed.
The president’s meeting with the PDP stalwarts which took place at the Banquet Hall of the Presidential Villa, Abuja, Vanguard gathered offered the president the opportunity to brief the party leaders the details of the planned removal of the subsidy and the safety nets the government plans to put in place to ameliorate the harsh effect of the removal.
Ngozi Okonjo-Iweala, coordinating minister of the economy and minister of finance along with her economic team were on hand to explain the nitty gritty of the subsidy issue to the party leaders that included acting PDP chairman, the VP, Senate President David Mark, Speaker of the House of Representatives Aminu Tambuwal, their deputies, principal officer of the national assembly,secretary to the government of the federation, ministers, as well as other key political leaders.
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