₦airaland Forum

The Pan-Yoruba socio-political organization, Afenifere, on Wednesday, said that the hike in petrol price is compounding challenges Nigerians are facing urging the Federal Government to reverse the announced increment.

Afenifere, in a statement by its spokesman, Mr Jare Ajayi, asserted that Nigerians are currently going through a lot of challenges as a result biting socio-economic crunch and the attendant hardships.

Ajayi said: “It is therefore a wrong time to come up with any policy that will increase the undesirable challenges Nigerians are going through presently. Failure by the NNPCL to reverse the latest increment in fuel price will rub off negatively on some policies of Tinubu administration to ease things for the citizens. Policies such as the Students Loan Scheme and Consumer Credit Scheme that are just taking off.”

It would be recalled that the NNPCL, on Tuesday, September 3, 2024 raised the pump price of petrol to N897 per litre from the official price of N617.

Afenifere argued that it is curious that an organization that declared a profit running into trillions of Naira could, almost in the same breath, claim that it is indebted to the tune of nearly seven billion US dollars. “Why not pay off the debt from the available fund before declaring it as profit?

“It is a common knowledge that the cost and availability of energy such as petrol, gas, electricity, diesel and kerosine are major factors not only in production and services but also on the quality of well-being that Nigerians can enjoy. Hikes in prices of these energy sources have astronomically increased the costs of services and commodities, reduced the disposal incomes of average Nigerians and heighten their health risk.

The combination of all these are making a daily living an onerous task for the majority of the citizens. Considering the fact that millions of the Nigerians had been described as being ‘multi-dimensionally poor’, the recent hike in costs of fuel and electricity are uploading the number of people in that category phenomenally”, the group’s spokesperson said.

While urging the Federal Government to immediately order the NNPCL to reverse the price increase, Afenifere feared that failure to do so may imperil the assurances being giving by President Bola Tinubu that Nigerians’ pains will soon be over.

leokid866:
the Debt you were owing Quatar you think that just walked away on its own? All the extra money your governors are collecting just magically appeared? FAAC that was sharing 400Billion in 2023 is now making 2Trillion and sharing 1.3Trillion across all levels of government......

dumahi:
Look at what Peter Obi posted and was condemned in very strong terms by many agbadoists. I have finally understood that only an extremely low IQ makes people become agbadoist. And, we have them in every tribe in Nigeria.

Can someone help me to understand what they are condemning in the post?

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

jyz200:
dss would soon pick u up

lexy2014:
na on top youtube person come de cry?

TemplarLandry:
Whose fault is it that PDP doesn't know how to effectively play the role of opposition party? Start from their spokesperson, how sound is he?

No party in the history of Nigeria has ever effectively played opposition role like our great party the APC.

leokid866:
you're right he should have continued to subsidize fuel and dollars for you so that our revenue to gdp will move from 96% where he met it to 120% and when the country becomes bankrupt all our creditors will stop borrowing us money come down to Nigeria and start dividing the country and seizing government assets to get back their money.......shey that's what would have made you happy?

Melagros:
COMRADES are speechless, is like Tinubu is the incarnate of Hilta

Kobojunkieee:
NANS execs probably don already receive payment then.

Melagros:
COMRADES, the NANS body is a motherfvcker, were they not the ones who threw their weight on Tinubu's economic reformations not long ago?

Parada:
He is not the only one you igbos are just wasting your time thinking you can gaslight anyone over their choice in a democratic election.

If Nigeria like let it spoil pass this one I will till eternity vote Bola Tinubu ahead of Peter Obi because he will always do beta than him their antecedent tells it all.

leokid866:
when the government was subsidizing dollars for Nigerians since 2000to 2023 you no know say one day you go pay?

Thiefobi1:
Stop complaining u all swore that Tinubu was not your president.

What now change.

Thiefobi1:
We should vote for ur Igbo brother who could not upgrade Anambra water transportation.

psychfind:
If u notice they stopped blaming him unlike b4 they will b laughing LP supporters