NNPCL FUEL PRICE INCREASE! "The increase is as a result of the President's failure to address the issues of corruption" Pearse

This increase in the pump price of petrol should not come as a surprise to anyone. The increase is as a result of the President's failure to address the issues of corruption, inefficiency, theft and waste in the oil industry.

The Nigerian economy is  90% dependent on crude oil sales because that is how we generate foreign revenue. For as long as the oil industry is weak, the Nigerian economy will be weak. 

The agony caused by the ever-increasing cost of oil has crippled the Nigerian economy and is responsible for the growing rate of hunger and poverty. 

You will recall that this trend of the ever-increasing cost of petrol which has virtually crippled the economy began the day of Tinubu Tinubu's inauguration when he unilaterally announced the removal of fuel subsidy. From 185 naira per liter from his ascension to the Presidency on 29th May 2023, to 600 naira, to 800 nairas a year later, and now to 1,000/ 1,200 per liter.

The most disturbing aspect of this tragic situation is that President Tinubu and his family members benefit directly from the price increase. Under these circumstances, it is not likely that things will get better.  

The only solution to the economic problem and all other issues associated with the bad governance of this administration is to remove this government from office. If the National Assembly fails to impeach this imposter president, then all well-meaning Nigerians must vote him out of office in 2027!

Dr Adetokunbo Pearse PhD, Public Affairs Analyst, Convener Reset Lagos PDP, Member PDP National Presidential Campaign Council (2023).