Connect with us

Headlines

Widespread Anger, Condemnations As Tinubu Increases Petrol Price to N617

Published

on

There was widespread anger on Tuesday, following the hike in the pump price of Premium Motor Spirit, popularly called petrol, by the President Bola Tinubu-led administration. The Nigerian National Petroleum Company Limited (NNPCL) and other oil marketers had announced the price hike across the country.

In Abuja and Ondo State, for instance, the cost of petrol jumped from about N537/litre to between N617 and N630/litre, forcing the cost of transportation to skyrocket within hours, and leaving thousands of passengers stranded in many cities.

The Nigeria Labour Congress, Trade Union Congress and many other citizens lambasted the President Bola Tinubu-led Federal Government for being so tough on citizens by allowing the continued hike in the price of petrol.

Although the NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, both Federal Government entities, explained that market forces caused the hike in petrol price, since the commodity had been fully deregulated, Nigerians expressed frustrations over the continued sharp increase in the cost of the product.

It was observed that petrol price was raised from N537/litre to N617/litre at some filling stations operated by the NNPCL in Abuja on Tuesday.

Independent oil marketers confirmed the increase in the cost of the commodity, as they stated that any shift in price by NNPCL stations was an indication of a rise in the pump price of PMS.

“This is because NNPCL is still the major importer of petrol into Nigeria currently, though other marketers are gradually importing the commodity. The price this (Tuesday) morning at some NNPCL stations is N617/litre,” the Secretary, Independent Petroleum Marketers Association of Nigeria, Abuja-Suleja, Mohammed Shuaibu, told The Punch.

Tinubu had during his inaugural address on May 29, announced that subsidy on petrol had ended, a development that led to the jump in the price of the commodity from N198/litre to over N500/litre on May 30, 2023.

Since the withdrawal of subsidy on petrol and the floating of the naira against the dollar, marketers had continued to explain that the cost of PMS could rise to as high as N700/litre.

Similarly, the rise in the cost of crude oil in the international market has also triggered further hike in petrol price, as crude is the product from which PMS and other refined petroleum products are produced.

In Abuja, on Tuesday morning, motorists besieged filling stations that were still dispensing at N540/litre, but as the news of the hike in price by NNPCL stations filtered in, many independent outlets shut their stations.

Others immediately commenced the adjustment of their pumps to reflect the new price.

The Nigeria Labour Congress on threatened to take “matters into its own hands” following the decision by the NNPCL to hike petrol price and the Federal Government’s plan to distribute N8,000 monthly to 12 million poor households in the country.

The NLC in a statement issued by its National President, Joe Ajaero, accused the Tinubu-led government of taking from the poor to pay the rich and unleashing suffering, hardship and sorrow upon Nigerians.

It said it had restrained itself from making further comments publicly on the vexatious issues around the recent but unfortunate unilateral hike in the price of petrol, which was in the guise of “the so-called subsidy withdrawal.”

The statement read in part, “However, the government of Nigeria seems to have been misled into believing that resorting to impunity and imperiousness in governance in a democracy is a beneficial option as it pursues its stated and unstated objectives.

“It is this belief that we are sure has continued shaping the actions of this government since its inauguration on May 29, 2023, to continue inflicting mindless and heartless pains on the populace one after the other without the decency of embracing the tenets of democracy which requires wide and deep stakeholder consultations on weighty matters of state.”

The NLC stated that Nigerians would remember that the Federal Government had called for dialogue in the aftermath of its disastrous forlorn trajectory in the astronomical increase in petroleum product price “and our subsequent call for a nationwide industrial action.”

It said, “We were also witnesses to the actions of the Federal Government in procuring an unholy injunction from the courts which were served us in Gestapo style by trucks laden with fully armed soldiers and policemen.

“In all of these provocations, we remained committed to the principles of the rule of law, good conscience and democracy so that we can continue to be the moral compass for leaders in the public space. This explained our decision to suspend action on the proposed strike.”

The labour union, however, stated that rather than reciprocate the goodwill of Nigerian workers, the Federal Government insisted on threading the path of dictatorship and seeking to impoverish the people further by taking steps that could only be described as robbing the people of Nigeria to pay and feed the rich.

They bemoaned the price hike, lamenting that the situation would further impoverish the citizens

“NNPC fuel price is now N617 /litre. I hope you are enjoying the renewed shege?” a popular tweep, Nefferetti with Twitter handle @firstladyship wrote.

@PoojaMedia wrote, “President Tinubu needs to address the nation NOW. Hunger is walking on the streets of Nigeria.”

Another user, @trending_medic, said, “Fuel at N617/litre and dollar hitting N835/$. Thank God it’s only Obidients that will suffer it.”

@OfficialUdiBoy wrote, “Fuel has gone up to N617, renewed hope has turned to renewed shege. E go touch everybody until we get the mandate back.”

On his part, @YemieFash said, “The same petrol that was N190/litre two months ago is N617/litre. Is this the renewed hope?.”

“Not up to a month and Tinubu times are this hard!! No way in hell I am buying fuel for N617. Once my phone goes off now na till NEPA bring light next,” @KhaleedSZN wrote.

@SodiqTade wrote, “Dear Tinubu Boys, A litre of fuel is now selling for N617, almost two months after the removal of subsidy by Tinubu. Do you still think the N8,000 per household will cushion the possible effects of this new price? It seems Nigerians have entered one chance with this mandate.”

@Shayor19 said, “N617/litre and we are going to just adapt and move on like nothing happened? We are gradually missing Buhari right now.”

On his part, @sirvicbrown, wrote, “When Tinubu said he was going to continue from where Buhari stopped, many of us didn’t really understand. Am sure it is clear now?”

Also contributing, @The_D1amond said, “The economy is not funny anymore… This is proof that it’s not getting better anytime soon. The government is against us, the economy is also against us. If you know what’s best for you, start investing in online skills that would help you earn in dollars.”

The Punch

Continue Reading
Advertisement


Click to comment

Leave a Reply

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

Headlines

Court Empowers Tinubu to Implement New Tax Law Effective Jan 1

Published

on

An Abuja High Court has cleared the way for the implementation of Nigeria’s new tax regime scheduled to commence on January 1, 2026, dismissing a suit seeking to halt the programme.

The ruling gives the Federal government, the Federal Inland Revenue Service (FIRS) and the National Assembly full legal backing to proceed with the take-off of the new tax laws.

The suit was filed by the Incorporated Trustees of African Initiative for Abuse of Public Trustees, which dragged the Federal Republic of Nigeria, the President, the Attorney-General of the Federation, the President of the Senate, Speaker of the House of Representatives and the National Assembly before the court over alleged discrepancies in the recently enacted tax laws.

In an ex-parte motion, the plaintiff sought an interim injunction restraining the Federal Government, FIRS, the National Assembly and related agencies from implementing or enforcing the provisions of the Nigeria Tax Act, 2025; Nigeria Tax Administration Act, 2025; Nigeria Revenue Service (Establishment) Act, 2025; and the Joint Revenue Board of Nigeria (Establishment) Act, 2025, pending the determination of the substantive suit.

The group also asked the court to restrain the President from implementing the laws in any part of the federation pending the hearing of its motion on notice.

However, in a ruling delivered on Tuesday, Justice Kawu struck out the application, holding that it lacked merit and failed to establish sufficient legal grounds to warrant the grant of the reliefs sought.

The court ruled that the plaintiffs did not demonstrate how the implementation of the new tax laws would occasion irreparable harm or violate any provision of the Constitution, stressing that matters of fiscal policy and economic reforms fall squarely within the powers of government.

Justice Kawu further held that once a law has been duly enacted and gazetted, any alleged errors or controversies can only be addressed through legislative amendment or a substantive court order, noting that disagreements over tax laws cannot stop the implementation of an existing law.

Consequently, the court affirmed that there was no legal impediment to the commencement of the new tax regime and directed that implementation should proceed as scheduled from January 1, 2026.

The new tax regime is anchored on four landmark tax reform bills signed into law in 2025 as part of the Federal Government’s broader fiscal and economic reform agenda aimed at boosting revenue, simplifying the tax system and reducing leakages.

The laws — the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, Nigeria Revenue Service (Establishment) Act, 2025, and the Joint Revenue Board of Nigeria (Establishment) Act, 2025 — consolidate and replace several existing tax statutes, including laws governing companies income tax, personal income tax, value added tax, capital gains tax and stamp duties.

Key elements of the reforms include the harmonisation of multiple taxes into a more streamlined framework, expansion of the tax base, protection for low-income earners and small businesses, and the introduction of modern, technology-driven tax administration systems such as digital filing and electronic compliance monitoring.

The reforms also provide for the restructuring of federal tax administration, including the creation of the Nigeria Revenue Service, to strengthen efficiency, coordination and revenue collection across government levels.

While the Federal government has described the reforms as critical to stabilising public finances and funding infrastructure and social services, the laws have generated intense public debate, with some civil society groups and political actors alleging discrepancies between the versions passed by the National Assembly and those later gazetted.

These concerns sparked calls for suspension, re-gazetting and legal action, culminating in the suit dismissed by the Abuja High Court.

Reacting to the judgment, stakeholders described the ruling as a major boost for the reforms, saying it has removed all legal obstacles that could have delayed the implementation of the new tax framework.

Continue Reading

Headlines

Peter Obi Officially Dumps Labour Party, Defects to ADC

Published

on

Former governor of Anambra State, presidential candidate of the Labour Party (LP) in the 2023 election, Mr. Peter Obi, has officially defected to the coalition-backed African Democratic Congress (ADC).

Obi announced the decision on Tuesday at an event held at the Nike Lake Resort, Enugu.

“We are ending this year with the hope that in 2026 we will begin a rescue journey,” Obi said.

The National Chairman of the ADC, David Mark, was among the attendees.

Continue Reading

Headlines

US Lawmaker Seeks More Airstrikes in Nigeria, Insists Christian Lives Matter

Published

on

United States Representative Riley Moors has said further military strikes against Islamic State-linked militants in Nigeria could follow recent operations ordered by President Donald Trump, describing the actions as aimed at improving security and protecting Christian communities facing violence.

Moore made the remarks during a televised interview in which he addressed U.S. military strikes carried out on Christmas Day against militant targets in North-west Nigeria.

The strikes were conducted in coordination with the Nigerian government, according to U.S. and Nigerian officials.

“President Trump is not trying to bring war to Nigeria, he’s bringing peace and security to Nigeria and to the thousands of Christians who face horrific violence and death,” Moore said.

He said the Christmas Day strikes against Islamic State affiliates had provided hope to Christians in Nigeria, particularly in areas affected by repeated attacks during past festive periods.

According to U.S. authorities, the strikes targeted camps used by Islamic State-linked groups operating in parts of north-west Nigeria.

Nigerian officials confirmed that the operation was carried out with intelligence support from Nigerian security agencies as part of ongoing counter-terrorism cooperation between both countries.

The United States Africa Command said the operation was intended to degrade the operational capacity of extremist groups responsible for attacks on civilians and security forces.

Nigerian authorities have described the targeted groups as a threat to national security, noting their involvement in killings, kidnappings and raids on rural communities.

Moore said the strikes marked a shift from previous years in which attacks were carried out against civilians during the Christmas period. He said the U.S. administration was focused on preventing further violence by targeting militant groups before they could launch attacks.

U.S. officials have said the military action was carried out with the consent of the Nigerian government and formed part of broader security cooperation between the two countries. Nigeria has received intelligence, training and logistical support from international partners as it seeks to contain militant activity.

Moore had previously called for stronger international attention to attacks on Christian communities in Nigeria and has urged continued U.S. engagement in addressing extremist violence. He said further action would depend on developments on the ground and continued coordination with Nigerian authorities.

Nigerian officials have maintained that counter-terrorism operations are directed at armed groups threatening civilians, regardless of religion, and have reiterated their commitment to restoring security across affected regions.

Continue Reading