- Some Nigerians are set to resists the planned hike in prices of fuel, gas and electricity by the federal government
- The group involved in the plan is a coalition of CSOs under the auspices of The People’s Alternative Political Movement
- According to the coalition, the root of the energy crisis is the crass incompetence of ruling class regimes
Following the plans of the federal government to increase prices of gas, Premium Motor Spirit, (PMS) also called fuel and electricity, a coalition of CSOs under the auspices of The People’s Alternative Political Movement, TPAP-M, says it is ready to mobilize Nigerians to resist the government.
This was contained in a statement read by Comrade Jaye Gaskiya of TRAP-M Secretariat, along with Head of the Secretariat Collective, TRAP-M, Prof Omotoye Olorode, with subject ‘Energy Price Hikes: Building the Resistance and Preparing for Occupy Nigeria Phase 2’ during a press conference held in Abuja, Vanguard Newspaper reports.
According to the statement, the move by the federal government will push more Nigerians to poverty.
Also, it said that, businesses – in particular small and medium scale businesses will struggle to survive. The coalition said some will lay off staff while others will close up.
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The coalition added that:
"Big businesses will also struggle with rising production costs, and those who can manage to stay afloat will do so at the expense of their workforce (many of whom will be laid off) and of ordinary citizens (to whom they will shift the cost).
The statement reads in part:
“The People’s Alternative Political Movement (TPAP-M), a coalition of individuals and organisations committed to the emergence and building of a Mass Workers Party, and the Socialist Transformation of Nigeria, and her allies have organised two separate public meetings on the deepening energy crisis in Nigeria, occasioned by rising gas prices and impending hikes in price of fuel and electricity tariff.
“The first public meeting was organised on Sunday, 12th of December 2021, and focused on building consensus on our rejection of the price hikes; while the second public meeting was convened on Friday, 7th January, 2022, focused on building the coalition to wage the Resist Hardship Struggle.
“Nigeria is the only OPEC member country that imports more than 90 to 95% of refined petroleum products to meet its domestic consumption. For other OPEC member countries, the reverse is the case – virtually every other OPEC member country meet their domestic needs for refined petroleum products through domestic refining. Consequently most other OPEC member countries depend on less than 20% imported refined petroleum products to meet domestic needs.
“Another reason given by the regime, and all previous regimes is the narrative around the price of fuel being much cheaper in Nigeria than in neighbouring countries, due to subsidy, and that this encourages fuel smuggling across the borders. This regime even suggests that the scale of smuggling has increased so much that it now hovers around 50 million liters per day."
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NNPC: Report reveals subsidy payment cross over N1 trillion in 2021, with more payment scheduled for December
In other news, Petrol subsidy payments for 2021 have hit N1.03 trillion in the first 10 months of 2021, shrinking monthly revenue accrued to the federation account.
Legit.ng understands the Nigerian National Petroleum Company Limited revealed this in its latest report containing the presentation made to the FAAC meeting in November 2021.
The subsidy payment in the report was indicated as under-recovery which is the underpriced sales of premium motor spirit (PMS), better known as petrol.