Connect with us

Headlines

Hardship, Petrol Price Hike: FG Gradually Pushing Nigerians to Revolt, Labour Warns

Published

on

The Organised Labour has warned that the latest hike in petrol pump price is pushing Nigerians to the limit.

It also warned the Federal Government against what it described as a surprised and unexpected reaction of the people to the frequent hike in the price of the product.

Labour equally advised the government to be wary of the silence of Nigerians in the midst of excruciating hardship and misery being inflicted on them, saying even a goat can bite when pushed to the wall.

In the same vein, an employer group – Chemical and Non-Metallic Products Employer’s Federation (CANMPEF) – said the petrol price increases, occasioned by subsidy removal, has led to an increase in transportation/logistics, production costs, the decline in household income and purchasing power.

Labour’s warning came on a day the Independent Petroleum Marketers Association of Nigeria (IPMAN) said its members wait for days to load petrol from Dangote Refinery in Lagos, despite paying N40 billion to the Nigerian National Petroleum Company Limited (NNPCL).

It also said Nigerians can pay less for the product if marketers are allowed to buy directly from the refinery.

One of the labour leaders, who attended the October 16 meeting with the Federal government at the office of the Secretary to the Government of Federation (SGF), reportedly said that government officials are gradually pushing the masses to revolt against the establishment.

He said: “We had thought that the Federal government will halt the incessant increase in the pump price of petrol after our October 16 meeting, where we made the government representatives, led by the Secretary to the Government of the Federation understand the level of frustration, hunger, misery and general restiveness across the country.

‘’Sincerely, we thought the government would give the people a breathing space and suspend the increases. The government is testing the patience of Nigerians. I can tell you that government is pushing the citizens to a boiling point.

“This latest increase of Tuesday, October 29 is one increase too many and a bitter pill to swallow. The increases are pushing the citizens to the limit.

“Government should not be surprised if the people of Nigeria decide to react in an unexpected way that will shock those in government. The people are really angry, frustrated, hopeless and are moving to a point where they may vent their anger in an unusual way that may be difficult to curtail.

‘’You cannot continue to flog a child and tell him not to cry. Hunger is everywhere, apart from the people in power or their friends and relations.

“The frustration and suffering in the country were also highlighted a few days ago during the meeting of the 19 Northern governors, alongside traditional rulers, among others. Across the country, people are just waiting for something to ignite the fire.

“Increasingly, the government is providing the fuel that will ignite the fire. What is probably left is someone to light the matches. We (Labour) have been urging the government to jettison the anti-people policies and lessen the pain, suffering, hunger, poverty and frustration to no avail.

“We have been cautious, thinking the government will allow common sense, empathy and the reality of the mass suffering of the citizens to drive its actions and inactions. Unfortunately, the reverse has been the case. It is getting to the time when the bubble will burst. Even a goat can bite when pushed to the wall.

“Today, the nation’s macro-economic indices are all heading down south without any letting.

Electricity tariffs have gone up, making power almost inaccessible to a greater number of our citizens.

“Petrol prices have gone through the roof and are nearly impossible for an average Nigerian to afford.

Transportation has become difficult, leading to levels of food scarcity and hunger never seen in the country before now.

‘’That unfortunately, has become our lot and that has become what majority of Nigerians look up to us to ameliorate.

“We need your unity and your strength if we are to creatively engage these forces and make governance work for the greater number of workers and people. As it is today, our choices are very limited. It is either we find a way to collectively overcome the forces that are bent on keeping us down as a people or we completely surrender to them and wallow in hopelessness.

“The forces of neo-liberalism must be challenged and the trade union movement remains the only viable force in Nigeria and in the world that can creatively engage it and mitigate its stranglehold on our nation.

“We must offer strong counterpoise to their prebendal logic and proffer newer arguments to triumph over their quest for profit at the detriment of the social will. It is only by remaining strong and united that we can hope to achieve that.

“It is sad but we cannot afford to keep our public refineries shut while still importing refined petroleum products. We demand a review of our salaries instead of its eroded values. We must together demand the re-commissioning of Port Harcourt, Warri and Kaduna refineries in keeping with the agreement we had with the Federal Government on October 15, 2023.”

Employers’ group laments

Speaking in a similar vein, the Chemical and Non-Metallic Products Employer’s Federation (CANMPEF), an employer group, said the petrol price increases occasioned by subsidy removal had led to an increase in transportation/logistics and production costs and a decline in household income and purchasing power.

Addressing members and guests at the 45th Annual General Meeting, AGM, of CANMPEF in Lagos yesterday, the President of the employers’ federation, Mr. Devakumar Edwin, lamented: “Following the liberalization of the foreign exchange (FX) market, PMS importers are embattled with looming scarcity and sourcing challenges of FX which continues to increase the selling cost of PMS.

‘’The price adjustments led to an increase in transportation/logistics, production costs, decline in household income and purchasing power.

“There is optimism surrounding the possibility of an energy transition that will reduce the industry’s dependence on expensive diesel and PMS. However, significant investments are required to make renewable energy viable for manufacturing operations.’’

According to him, the spillover of the increases in the petrol price, and floating of the naira has worsened the crises facing the manufacturing sector of the nation’s economy.

“For the manufacturing sector to reach its full potential, government’s intervention is critical. If priority attention is given to manufacturing as a strategic value-adding sector, capable of driving economic transformation, then the country can earn its position among industrialized nations.

“To unlock the potential of Nigeria’s manufacturing sector, the government must commit to the following investments: History has shown that protectionist policies can have a profound impact on local industries.

“A notable example is Nigeria’s 2007 cement policy, which restricted imports by companies without local manufacturing investments.

“In just 15 years following the policy, cement production in Nigeria grew from 7 million metric tonnes to over 60 million metric tonnes per annum. Expanding such policies to sectors like agriculture, petrochemicals, basic chemicals, electronics, and tools manufacturing could set Nigeria on the path to becoming an industrial giant.

“Declare a state of emergency in the manufacturing sector: The sector requires immediate attention, and this can be achieved through policies that promote growth, investment, and innovation. A clear declaration of urgency by the government would demonstrate its commitment to revitalizing the sector.

“Subsidise consumption through manufacturing: By offering tax reliefs and removing tariffs on key agricultural and manufacturing inputs, the government can reduce operational costs and encourage growth.

“These subsidies will also have a profound impact on job creation, especially for Nigeria’s youth, who will be gainfully employed in productive industries. The social and security benefits of such a move are immeasurable and far reaching.

“Create a favorable business environment: Ensuring ease of doing business is essential for long-term sustainability in the manufacturing sector. This requires a combination of administrative and legal reforms to eradicate bureaucratic barriers and other inefficiencies that hinder industrial growth.”

Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Trump Claims US Now in Total Control of Strait of Hormuz

Published

on

United States President, Donald Trump, says his country is now in “total control” of the Strait of Hormuz amid ongoing tensions with Iran over the reopening of the strategic waterway.

Trump made the claim while speaking to reporters at Joint Base Andrews, saying the situation with Iran was progressing well despite continued disagreements between both countries.

“Iran is going fine – going just absolutely fine. We totally control the Strait of Hormuz. We have control over it; nobody else, only us. Our navy is unbelievable, and things going great for our country,” Trump told reporters at Joint Base Andrews.

“I don’t trust Iran. I’m the last person to trust Iran; they’ve lied to me constantly. We have total control over the Hormuz Strait right now; they don’t have control,” he added.

The claim comes as the United States and Iran continue to exchange demands over the reopening of the Strait of Hormuz, casting further uncertainty over negotiations aimed at ending their five-month conflict.

Although the US has confirmed its involvement in the talks, Iran maintains that it is negotiating directly only with Oman. Tehran has also proposed that the future management of the strategic waterway be shared with Oman.

The Strait of Hormuz is a critical global energy route, with about one-fifth of the world’s oil and liquefied natural gas supplies passing through it before the US-Israel war with Iran began at the end of February.

On Monday, Trump said he would seek compensation from Iran for deaths and injuries associated with conflicts and attacks spanning several decades.

His position followed Iran’s demands for reparations over the war last week, as Tehran said it would not reopen the strait until Washington addresses its political and  economic conditions.

Continue Reading

Headlines

ADC Rejects ICPC Report on PFIPC, Queries N1.3bn Budget Allocation to Fake Agency

Published

on

The African Democratic Congress (ADC) has rejected the interim report of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on the controversial Presidential Foreign Investment Promotion Council (PFIPC), arguing that the findings leave some of the biggest questions surrounding the scandal unanswered.

The opposition party said the report appeared to focus more on limiting political fallout than establishing how a purported  government agency allegedly gained access to official institutions, occupied  government office space and received other forms of state recognition despite questions over its legal status.

The ADC’s position was contained in a statement issued on Saturday by its National Publicity Secretary, Bolaji Abdullahi.

The controversy surrounding the PFIPC has intensified in recent weeks following allegations that the organisation operated as a government agency despite questions over its establishment, with its purported Director-General, Adeniyi Adeyemi, facing scrutiny from law enforcement agencies and lawmakers.

The party said the ICPC’s interim findings had failed to provide satisfactory explanations for how the organisation allegedly secured office accommodation within the Federal Secretariat, attracted civil servants, obtained official recognition and appeared in the 2026 federal budget with a reported allocation of N1.3 billion.

The ADC recalled that it had previously opposed President Bola Tinubu’s decision to assign the investigation to the ICPC, insisting that an independent panel would have been better positioned to investigate the matter without questions about institutional proximity.

According to the opposition party, the interim nature of the ICPC report made it even more difficult to understand why the commission appeared to be pointing responsibility towards Adeyemi while simultaneously maintaining that its investigation was still ongoing.

“The report is not only predictable, it appears more concerned with exonerating government officials rather than providing clear answers to the serious questions that the scandal has raised,” the party said.

The ADC argued that the controversy could not simply be dismissed as an administrative failure.

It maintained that if the PFIPC was indeed established through fraudulent representations, there were still important questions about how those representations allegedly passed through several layers of government without being detected.

“A forgery may explain the first door that was opened. It cannot explain why every subsequent door appears to have opened as well,” the party said.

For the ADC, the central issue is not simply whether Adeyemi allegedly forged documents or misrepresented himself.

The party wants investigators to establish how an organisation whose legitimacy is now being questioned could allegedly secure office accommodation, civil servants, official vehicles and other institutional support.

It argued that such developments would ordinarily require interaction with multiple government departments and officials.

The party therefore questioned whether the alleged activities were facilitated by negligence, institutional failure or possible complicity within government.

The ADC also raised concerns over reports that the ICPC had identified two other allegedly fictitious organisations linked to Adeyemi.

Rather than viewing that development as evidence of an isolated individual operation, the party said it should prompt investigators to widen the scope of their inquiry.

One of the most significant issues raised by the opposition party was the reported N1.3 billion allocation to the PFIPC in the 2026 Appropriation Act.

The ADC argued that a provision of that magnitude should have generated a clear paper trail involving budget submissions, reviews, approvals and verification.

“Budgetary provisions do not materialise by accident,” the party said.

It consequently demanded to know who proposed the allocation, which government officials processed it and who verified the existence and legitimacy of the purported agency before the provision was included in the federal budget.

The party noted that the House of Representatives had already begun its own investigation into how the PFIPC allegedly found its way into the federal budget.

According to the ADC, the legislative inquiry could provide an opportunity to establish whether the budget allocation resulted from deliberate manipulation, administrative negligence or failures within the government’s budgetary verification system.

The opposition party also criticised the reported recommendation that Adeyemi be prosecuted.

It argued that the ICPC’s decision to single out the purported PFIPC director-general appeared premature if, as the commission itself indicated, its investigation remained ongoing.

“If all that the commission had to present was a preliminary report, why not simply present it as a confidential brief to the President instead of making a public drama of it?” the ADC asked.

The party said the investigation should not be structured around finding a convenient individual to blame but should instead establish everyone who may have played a role in allowing the alleged operation to continue.

The ADC described the controversy as a national embarrassment and called on the ICPC to release the full interim report rather than only selected findings.

It also demanded that any public officials whose actions or negligence enabled the purported agency to operate be identified and investigated.

The party stressed that anyone found culpable should face appropriate sanctions after due process.

“What has happened is a national disgrace in the full glare of the entire world. No serious  government should be satisfied with identifying one culprit for prosecution,” the party said.

The ADC maintained that Nigerians were not asking investigators to manufacture suspects or reach predetermined conclusions.

Rather, it said, the investigation should follow the evidence wherever it leads — including into government offices if necessary.

At the heart of the controversy, according to the opposition party, is a simple question: if the PFIPC is not a legitimate  government agency, how did it allegedly get so far inside the machinery of government without multiple officials noticing?

That, the ADC argued, is the question the ongoing investigations must ultimately answer.

Continue Reading

Headlines

Atiku Raises Alarm over ‘Mysterious’ Credit into Private Bank Account

Published

on

Former Vice President and African Democratic Congress (ADC) Presidential Candidate, Atiku Abubakar, has raised concerns over what he described as a suspicious and unauthorised payment into one of his private bank accounts.

In a statement issued on Friday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said the transfer originated from an individual or entity unknown to him and carried the narration, “Contribution Electioneering Campaign.”

According to the statement, neither Atiku nor his campaign solicited, authorised or had any knowledge of the payment.

The former Vice President said the account was strictly private and its details were not in the public domain, raising concerns about how the information could have been obtained.

“How did unknown persons obtain the confidential banking details of a private citizen?”

Atiku said the incident raised broader concerns about the security of Nigerians’ financial information, particularly if the private banking details of a former Vice President and presidential candidate could allegedly be accessed without his consent.

“If the private banking information of a former Vice President and a leading presidential candidate can be accessed and deployed for reasons yet unknown, then no Nigerian’s financial privacy is safe.”

He further expressed concern that the alleged disclosure could have involved individuals with privileged access to confidential information.

According to him, if such access is established, it could expose account holders to criminal elements, including kidnappers, terrorists, bandits and fraudsters.

The former Vice President also called the attention of Nigerians and security agencies to the incident, describing it as part of what he termed a series of “suspicious activities” ahead of the 2027 general elections.

“We therefore put the Nigerian public and the security agencies on notice about this latest incident in a litany of suspicious activities leading up to next year’s general elections.”

Atiku also alleged that the incident could be part of an attempt to damage his reputation as political activities intensify ahead of the elections.

He urged Nigerians not to be distracted by what he described as “tired tactics” aimed at character assassination.

“Such desperate antics have failed before and will fail again.”

The ADC presidential candidate said he remained focused on his political agenda and his stated commitment to providing solutions to the country’s challenges.

“The Waziri Adamawa remains focused on offering Nigerians credible leadership and practical solutions to the nation’s challenges.”

Continue Reading