Democracy NewslineDemocracy Newsline
  • Home
  • Politics
    Politics
    Show More
    Top News
    In Rivers, Asíwájú Tinubu harps on unity, non-violence
    2 years ago
    Kogi Guber: Olayinka Braimoh Popularity Soars Ahead of other candidates  
    2 years ago
    Labour Party Dismisses Report of Arrest of National Chairman
    2 years ago
    Latest News
    Yagba: APC Leaders Leads Rally As Mopamuro Crowd Troops Out in Support of Leke Abejide
    12 hours ago
    Kano APC Ambassadors Urge Senator Barau Jibrin to Join 2027 Governorship Race.
    12 hours ago
    Rt. Hon. Kabiru Alhassan Rurum Dumps NNPP for APC, Declares Unity and Renewed Strength in Party.
    3 days ago
    A Leader of the People: The Story of Senator Barau I Jibrin
    4 days ago
  • Technology
    TechnologyShow More
    Key Takeaways from the Kogi Dialogue Marking Governor Ododo’s First Year in Office
    3 months ago
    Bala Wunti in the News Again
    4 months ago
    Dangote Refinery Slashes Ex-Depot Petrol Price to N890 Per Litre
    4 months ago
    Ajaokuta LNG Plants Will Position Kogi as a Key Player in Nigeria’s Energy Sector – Governor Ododo
    4 months ago
    Ughievwen Monarch Commends Tinubu for Approval of New 10,000 bpd Refinery in Imode
    4 months ago
Reading: Fuel Hike Unbearable, Biting Nigerians Hard-Gani Adams ..’It has never been this bad in Nigeria’s history’
Share
Notification Show More
Latest News
Just In: Dangote Refinery Reduces Petrol Pump Price Nationwide New rates now range from N875 to N905 per litre, depending on location.
Business Economics News
Otunba Olayemi Adeniyi Felicitates Hon Durosinmi Meseko on his birthday anniversary 
News
Birthday: Jerry Omodara Fetes APC Dept. Spokesperson on his Birthday
News
AIYELABOWO, OSAGIE, OTHERS EULOGIES CHAIRMAN BoT NAYC ON BIRTHDAY
News
Hon. Olorunsaiye Sunday (Regards) Celebrates Hon. Duro Messeko on His Birthday Anniversary
News
Aa
Democracy NewslineDemocracy Newsline
Aa
  • Economics
  • Politics
  • Business
  • Science
  • Technology
  • Home
  • Politics
  • Technology
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 Democracy Newsline All Rights Reserved.
Democracy Newsline > News > News > Fuel Hike Unbearable, Biting Nigerians Hard-Gani Adams ..’It has never been this bad in Nigeria’s history’
News

Fuel Hike Unbearable, Biting Nigerians Hard-Gani Adams ..’It has never been this bad in Nigeria’s history’

Democracy Newsline
Last updated: 2023/07/23 at 3:26 PM
Democracy Newsline 2 years ago
Share
SHARE

Fuel Hike Unbearable, Biting Nigerians Hard-Gani Adams
..’It has never been this bad in Nigeria’s history’

Aareonakakanfo of Yoruba land, Iba Gani Abiodun Ige Adams has reacted to the continuous hike in the prices of Premium Motor Spirit (PMS) known as petrol,saying the situation is biting very hard on Nigerian citizens.

Adams’ reaction came as Nigerians have been pouring out their minds on the increasing price of the petroleum product,insisting that Nigeria can no longer bear the hardship that has put the entire nation on its kneels.

Aare Gani Adams in a statement signed by his Special Assistant on Media, Kehinde Aderemi, said the situation has added to the plights of ordinary Nigerians,saying such skyrocketing increase has never happened in Nigeria’s history.

“This situation is becoming very unbearable.There is no country in the world like Nigeria (a major producer of oil) that the citizens are groaning in pain over insensitive increase in the prices of fuel.

“We know how much we buy fuel before now.Nigeria is yet to survive the subsidy removal that led to the sudden increase in the price of fuel from N187 to N500 per litre before it was jerked up now to N617 per litre within two months.It is painful. No sensitive government would be happy when the citizens are suffering.

“It is imperative for me to speak up, especially,with what we experience now in the country.It is unfortunate, this is not what we expect from a
president that is coming from the south west region of the country.

“As a product of this democratic struggle;a political activist and the father of the nation,President Bola Tinubu must know that the citizens are his children.Therefore,a father must work on the best way to solve the problem of the children.

“With the present situation in the country,three state governors have declared a three-day work free day for civil servants in their respective states.

“The national leadership of the College of Education Academic Staff Union (COEASU),had directed its members nationwide to attend their respective workplaces only two days in a week.

“The new directive was premised on the recent price hike on fuel,and this has worsened the cost of transportation, food and other essential commodities increasing by over 300 percent.

“All over the world, many things have been subsidized in the interest of the mass of the people.Power, health,food and other necessities of life are being subsidized.

“Petrol being the main commodity that moves the economy.And now the same product is being sold for N617 per litre.It is unbearable.

“For instance,an ordinary Nigerian worker travelling from Mainland to Island on a weekly basis would spend 25 litres of fuel per day-that is over N15,000 naira.

“In a week, it is N75,000 per week, and in a month,it amounts to over N300,000 naira in one month.
That is too bad for Nigeria and Nigerians.

“Energy,including Petrol,Diesel or Gas need to be subsidized because of productivity’s sake.No economy survives high cost of energy.

“It is the responsibility of every government to subsidize food-that is what is called food security.When the government subsidizes energy that is energy security.

“Presently Germany has subsidized electricity,and it would cost 5 billion Euros,for its industrial output in 2023.What it means is that the government of Germany has taken up about 80 percent of the cost from industrialists and major manufacturers in the country.

“This is added to the fact that in Germany,government subsidized food, energy, health and housing and they have an enduring welfare and social security scheme that caters to the needs of vulnerable and indigent citizens of the country.

“As at 2022,China has subsidized energy with 130 billion dollars.And also,over 100 billion dollars is being subsidized on energy in Britain.

“All over the world,Government are subsidizing energy to boost productivity.It is sad that presently people are losing their jobs, more businesses are collapsing,and companies are folding up and tension is highten in the country.

“Hyper inflation is setting in and it shows nothing but the insensitivity of the new administration.

“Nigeria runs an informal economy and PMS is the most important energy source in Nigeria, therefore, President Tinubu has to retrace his step in order to save the country from this hardship”,Iba Gani Adams stated.

You Might Also Like

Just In: Dangote Refinery Reduces Petrol Pump Price Nationwide New rates now range from N875 to N905 per litre, depending on location.

Otunba Olayemi Adeniyi Felicitates Hon Durosinmi Meseko on his birthday anniversary 

Birthday: Jerry Omodara Fetes APC Dept. Spokesperson on his Birthday

AIYELABOWO, OSAGIE, OTHERS EULOGIES CHAIRMAN BoT NAYC ON BIRTHDAY

Hon. Olorunsaiye Sunday (Regards) Celebrates Hon. Duro Messeko on His Birthday Anniversary

Democracy Newsline July 23, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email
Previous Article Kwara govt elated as NGO Blue-lilly leads environment clean up at Tanke
Next Article Hajj: National Hijrah Chairman lauds  President Tinubu for returning NAHCON to office of Vice President 
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

  • Advertise

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?