Gas Oil

Northern groups kick against fuel subsidy withdrawal, plan protests

The South-South chapter of the Coalition of Northern Groups has threatened to stage protests if the Federal Government goes ahead with plans to withdraw fuel subsidy in 2022.

This is contained in a statement signed by the group’s Coordinator, Alhaji Yakubu Aliyu, and made available to journalists in Kano on Monday.

The statement read in part, “The South-South chapter of the Coalition of Northern Groups views with disdain the plan by the Federal Government to effect an upward review of the nation’s already overpriced fuel.

“Should the Federal Government fail to heed our caveat, the group will not hesitate to join all serious protests that those, who are also bitterly opposed to the pump price increase, may embark on.

“More disturbing is the alleged twin simplistic policy to pay monthly a few millions of Nigerians N5,000 each to cushion the usual attendant harsh effects of the pump price increase, which is far less than what the predictable hyperinflation will engender.

“Against this grim background, our group hereby urges the Federal Government to rescind the anti-common man decision, which is counterproductive and a sure way to make the nation’s economic drift worsens.”

Related posts

Average price of kerosene increases in June — NBS

By Olamilekan FAWAS

Commuters groan as petrol pump price nears N400/litre

Our Reporter

COVID-19: NIPCO heightens support for customers, staff

Abisola THOMPSON 

Petroleum products pricing: PPPRA engages CBN on Forex

Abisola THOMPSON 

Marketers link petrol price hike to naira devaluation, others

Editor

Nigeria’s Q3 oil exports to US suffer 820,000-barrels drop

Our Reporter