I think the subsidy removal is pre-mature. If i were GEJ, i would ve focused on tax drive in 2012 to generate money from taxes & VAT, just like lagos state is doing under BRF, 90% of businesses in Nigeria do not pay company income tax. Federal government can make much more money from company income tax & VAT, than all other sources put together, by getting every business to pay income tax, like other developed countries, Use the money from tax to fund the 2012 budget and let subsidy remain till 2013.

In 2012
1)Make sure Nigeria generate reasonable power supply, at least 20hrs uninterupted, so that pple will depend less on fuel to power their homes and businesses.
2)Fix or privatise the rail lines.
3)Create a transport scheme similar to BRT in all states, managed by private investors, with CBN providing low interest funds to the big operators, Also create a regulatory body for this transport scheme.
4)Then, by 2013, remove subsidy, when all of the above is achieved.

This way, Nigerians will not suffer so much impact of subsidy removal.

What would u ve done, if u were GEJ?, Drop ur idea.

How about cutting down on Government spending which includes the reduction of their salaries and allowance senators and house members especially.