Is the Federal government of Nigeria led by President Muhammadu Buhari, actually committed to alleviating the hardship Nigerians are going through or to compound it?
Are Nigeria political class ever pained with the high rate of poverty, joblessness, malnutrition and increasing rate of frustration and depression Nigerians are going through?
Where have Nigeria political class thrown their conscience, over the poverty ravaging Nigerians? Do Nigerian politicians actually care that most Nigerian families do not eat three square meal a day, and many go to bed hungry?
These are questions Nigerians are asking following the increase in the pump price of fuel, premium motor spirit, Petroleum Product Pricing Regulatory Agency, PPPRA, on Thursday.
The PMS price which had been at N140, to N160, has been increased to astronomic rate of N212.61, per liter, in a country that produces oil in large quantity, with epileptic power supply.
Confirming the unwholesome and unjustifiable increase in PMS pump price, the regulatory agency PPPRA said:
“The average cost for the period, February 1st to 28th 2021, and an average FMDQ Importer and Exporter (I&E) Naira/US Dollar Exchange Rate of N403.80, the expected retail price of PMS for March 2021, stands at N209.61 per litre and N212.61 per litre, being the lower and upper band respectively.
“The Expected Landing Cost of the commodity at N189.61 per litre, comprising the addition to the ex-coastal price, of average lightering expenses, Nigeria Port Authority Charges, NIMASA charges, jetty throughput charges, storage charge and average financing cost of N4.81, N2.49, N0.23, N1.61, N2.58 and N2.17 per litre, respectively.
‘The addition of the wholesalers margin of N4.03 per litre; administrative charge of N1.23 per litre; transporters’ allowance of N3.89 per litre; bridging fund of N7.51 per litre and Marine Transport Average of N0.15, brings the expected ex-depot price, that is the price at which the commodity is sold to petrol stations, to N206.42 per litre.
“The inclusion of retailers’ margin of about N6.19 per litre, would bring the pump price of the commodity, the price at which it is sold to motorists, to N212.61 per litre”.
Nigerians. who are tired of deceptive numbers, that neither benefits them, but the politicians, regretted that the Federal government could increase fuel pump price at a time when every family in Nigeria , except that of politicians are crying because of hunger.
Taking to social media, where they can protest without security forces killing, Nigerians said it was again a policy that is aimed at keeping the citizens in economic slavery, to be asking for crumbs from the ruling class.
Ogbeni TD Cole. Esq, @BolanleCole, a twitter user said:
“From N87 to N145 to N147 back to N125 to N163 to N172 now N212 all these under Buhari’s government.
And minimum wage is stagnant @ 30k. How will workers who are bench-marked on half salaries cope?”
A civil society organization Concerned Nigerians, @ConcernedNIG, on it twitter handle wrote.
“BREAKING: Nigerian government hikes fuel price to N212 per litre.
“Buhari met a litre of fuel at N87 in 2015. ‘Everything na double, double’.
Another twitter user, Chuks Akunna, @akunnachux, tweeted.
“The new hikes come barely a day after President Muhammadu Buhari promised to return fuel price to below N100 for Nigerians.”
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