The situation has led to Nigerians paying exorbitant prices of up to N1000 per liter of petrol.....CONTINUE READING THE ARTICLE FROM THE SOURCE
Obi expressed his outrage on the microblogging platform X, stating, “The inhuman decision has deepened Nigeria’s economic woes and exacerbated poverty among citizens.” He further emphasized, “It is unacceptable that the government has allowed the fuel crisis to persist, causing untold hardship for Nigerians.
The removal of subsidies without adequate alternatives has only served to further impoverish our people.” Obi’s comments come as the fuel scarcity continues to bite harder, with many Nigerians struggling to access affordable petrol The situation has led to increased transportation costs, higher prices of goods and services, and a general decline in the standard of living. According to Peter Obi, he said “Nigerians must stop at nothing in demanding for transparency in the operations of government especially critical agencies like the state-owned NNPCL whose activities appear to be shrouded in secrecy. “The conflicting reports on subsidy payments have left Nigerians in the dark, unsure of what is happening in this all important company. “It is very curious that the Nigerian National Petroleum Company Limited (NNPCL) which declared a N3 trillion profit in 2023, is coming up with a bizarre claim of “financial constraints” in supplying fuel “The fuel scarcity crisis, characterized by endless queues, and untold hardship, is a direct result of the government’s ineptitude “The $20 billion Dangote Refinery and other Modular Refineries’ struggles to secure crude oil supply and NNPCL’s search for outside operators for its refineries are further proof of this administration’s gross incompetence. “We demand a better level of transparency in NNPCL’s operations, financial dealings, and plans for the future. “The Petroleum Industry Act mandates an open and transparent NNPCL, we should not stand idly by while this government violates our laws. “We demand that this administration come clean on these issues and take responsibility for the mess it has created. “We should not rest until we uncover the truth and hold those responsible accountable. The Nigerian people deserve better. -PO”
The Labour Party candidate’s criticism of the government’s handling of the fuel crisis is shared by many Nigerians, who feel that the administration’s policies have only served to worsen the economic situation.
