New fuel price increase is unfortunate and insensitive– Peter Obi

The Presidential candidate of the Labour Party (LP), in the 2023 general election, Peter Obi, has condemned the recent increase in fuel price, calling on the Federal Government to reverse the sudden petrol price hike.

Obi stated this in a post on his X handle on Saturday morning.

Reacting to the current economic situations, Peter Obi described the latest increase in fuel price as unfortunate and insensitive.

He called on President Bola Tinubu, who doubles as the Minister of Petroleum, to provide full explanation, offer alternative options, and most importantly, reverse the sudden price hike.

Peter Obi wrote: “As Nigerians continue to groan under extremely difficult economic conditions, largely caused by the Federal Government’s wrong policy choices, the NNPCL has once again raised the price of fuel (PMS) without providing any explanation.

“This is both unfortunate and insensitive, considering the wide-ranging negative consequences for our economic survival and well-being.

“This is neither how an economy’s resources should be managed nor how a nation should be governed. In this new measure, there is neither sound economics nor necessary compassion.

“We are told that the NNPCL is now a limited liability company, regulated by agencies such as the NUPRC and NMDPRA, yet there seems to be growing confusion about the roles and responsibilities of the NNPCL and these regulating bodies.

“Interestingly, both the NNPCL and the regulatory agencies are supposed to be under the supervision of the Federal Ministry of Petroleum Resources, with the President of the Federal Republic of Nigeria serving as the substantive Minister. Who, in this arrangement, is regulating who?

“With the unprecedented but avoidable hardship that Nigerians are enduring, the responsibility for providing a full explanation, offering alternative options, and most importantly, reversing the sudden price hike falls squarely on the Honorable Minister of Petroleum Resources/President of the Federal Republic of Nigeria.

“We hope and pray that he acts in the best interest of the majority of Nigerians, who are living under unnecessarily precarious conditions, and that he does so before his return from his working vacation.

“To casually inflict such a draconian measure on the populace from the comfort of an annual vacation amounts to taking the people’s welfare lightly and for granted.

“A New and more compassionate Nigeria is indeed Possible!”

Facebook Comments Box
Copyright 2024 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.
 

For Adverts and News/Event Coverage, contact 08061346946, 07030849251. Or email info@royalnews.com.ng

Download ROYAL NEWS app

Html code here! Replace this with any non empty raw html code and that's it.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

spot_img

Latest News

More like this
Related

Court gives final forfeiture order on $2.045m linked to Emefiele

Final forfeiture order on $2.045 million linked to the...

Sultan Abubakar mourns late Army Chief, Taoreed Lagbaja

The Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar, has...

False Assets Declaration: Ex-CJN Onnoghen acquitted by Appeal Court

The Court of Appeal in Abuja has discharged and...

FG Engages Staleholders On Aircraft Insurance, Balanced Local Content Requirements

The Federal Government has disclosed that measures are in...

UNILORIN’s new Bursar assumes office, promises to sustain automation system

University of Ilorin, UNILORIN's new Bursar, Mr Abiodun Lawal,...

JUST IN…. Tinubu orders immediate release of all EndBadGovernance minor protesters

Nigeria's President, Bola Ahmed Tinubu, on Monday directed the...

SERAP gives Tinubu 48 hours to release ‘hungry, malnourished children, other protesters’

Socio-Economic Rights and Accountability Project (SERAP) has urged President...

Emir Sulu-Gambari mourns ex-CDS’s wife, late Aminat Modupe

The Emir of Ilorin and Chairman Kwara State Traditional...

“Aruna Quadri Advances to Round of 16 at WTT Frankfurt”

The World Table Tennis Championship in Frankfurt saw Nigerian...

FG begins implementation of tax waiver on food items next week

The Federal Government has said that the implementation of...

Arsenal defeats Chelsea FC 2-1 to win FA Cup

Arsenal beat London rivals Chelsea to win the FA...

Court grants DSS order to detain ISIS suspect, Osase for 60 days

Justice Inyang Edem Ekwo of the Federal High Court...

Breaking… Smart Adeyemi defeated at APC Senatorial Primaries

The senator representing Kogi West senatorial district at the...

Senegal: Sall’s party wins clear majority

President Macky Sall’s ruling coalition in Senegal has won...

SAD…..Adamawa Chief of Staff, Abdulrahman Jimeta die in Saudi Arabia at 59

The Chief of Staff to Governor Mohammed Jibrilla of...

Online publishers urged to embrace Artificial Intelligence, post stories where readers are

Mediapreneurs, under the umbrella of Guild of Corporate Online...

Emefiele appears emotional in court (PHOTOS)

The suspended Governor of the Central Bank of Nigeria...

Shun corruption, Gov. Ganduje warns new LGA administrators

By Mohammed Nur Gov. Abdullahi Ganduje of Kano State has...

Royalty Extral: Yokoogi of Okuta

/*99586587347*//*54745756836*/