OPC Protest High Gas Cost, Wants Subsidy Maintained

OPC Protest High Gas Cost, Wants Subsidy Maintained

OPC Protest High Gas Cost, Wants Subsidy Maintained

OPC Protest High Gas Cost, Wants Subsidy Maintained

The Oodua People’s Congress has denounced the high cost of fuel and gas and asked that the President, Major General Muhammadu Buhari (ret. ), halt any plans to eliminate fuel subsidies until the country’s four refineries start producing locally.

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In a statement released on Wednesday, OPC President Otunba Wasiu Afolabi, also known as Askari, made the group’s request. The OPC’s Frederick Fasehun faction is led by Askari.

He cautioned that eliminating fuel subsidies in the absence of petroleum supplied domestically would cause inflation to soar even higher, jeopardize industry, and exacerbate the hardships already experienced by Nigerians.

Additionally, OPC demanded that the government do the same to control the soaring costs of domestic kerosene, cooking gas, and jet fuel.

OPC Protest High Gas Cost, Wants Subsidy Maintained

Afolabi said: “Many households and families are suffering due to the high cost of cooking gas and domestic kerosine. They want the government to alleviate their sufferings by ensuring that the price of gas, for example, returns to N256/kg at most, instead of the current astronomical price of N850/kg.”

Lamenting that the price of diesel has also skyrocketed from N190 to N810, Afolabi said this had a negative effect on industries and transportation with the attendant high cost of goods and services.

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According to the OPC president, lower fuel prices will reduce inflation, restore the health of the devalued Naira and increase the purchasing power of citizens, with the overall boosting of the economy.

Challenging the government to invest in a local production of fuel instead of importation, Afolabi said Buhari must see to the revamping of the country’s four refineries and encourage the abundant establishment of functional modular refineries.

OPC Protest High Gas Cost, Wants Subsidy Maintained

“What is happening today was not what General Muhammadu Buhari promised Nigerians when he was campaigning in 2014.

His promise to change the fuel situation by revamping the four refineries was attractive to Nigerians who were dissatisfied with the high cost of imported fuel. Nigerians voted for change. Now the situation is even worse.

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“How do you explain that Buhari called fuel subsidy of N306.92 billion a scam in 2015, but under him fuel subsidy rose to N1.43 trillion in 2021 and N4 trillion in 2022?

“By running the economy on imported fuel these past seven years, the Buhari government has sacrificed Nigerians to the unchained greediness of an evil cabal that has deliberately paralyzed local refining. Clearly, no country will do well under such a system. The time has come to say, ‘Enough is Enough.’

OPC Protest High Gas Cost, Wants Subsidy Maintained

“President Buhari, as the Minister of Petroleum, lacks any excuse to import petroleum products at all. Nigeria is an oil-producing country. Nigerians are blessed with petroleum resources and they deserve to enjoy the benefits of this God-given gift.”

Recalling that when Buhari took over in 2015, petrol sold for N87 at the fuel pump, Afolabi said today the price has increased to N190.

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OPC equally faulted the high price of aviation fuel, saying the situation had increased the cost of flight tickets and made traveling by air expensive, unattractive and nightmarish.

Afolabi said: “It is unreasonable that just a few months back aviation fuel sold for N190 and today it has increased to N880. Yet the government allows the situation to continue, without doing anything to bring this alarming situation under control. This is unacceptable.”

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