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Hardship, Petrol Price Hike: FG Gradually Pushing Nigerians to Revolt, Labour Warns

Published

3 months ago

October 31, 2024

Eric

The Organised Labour has warned that the latest hike in the pump price of petrol is pushing Nigerians to the limit.

It also warned the Federal government against what it described as a surprised and unexpected reaction of the people to the frequent hike in the price of the product.

Labour equally advised the government to be wary of the silence of Nigerians in the midst of excruciating hardship and misery being inflicted on them, saying even a goat can bite when pushed to the wall.

In the same vein, an employer group – Chemical and Non-Metallic Products Employer’s Federation (CANMPEF) – said the petrol price increases, occasioned by subsidy removal, has led to an increase in transportation/logistics, production costs, the decline in household income and purchasing power.

Labour’s warning came on a day the Independent Petroleum Marketers Association of Nigeria (IPMAN) said its members wait for days to load petrol from Dangote Refinery in Lagos, despite paying N40 billion to the Nigerian National Petroleum Company Limited (NNPCL).

It also said Nigerians can pay less for the product if marketers are allowed to buy directly from the refinery.

One of the labour leaders, who attended the October 16 meeting with the Federal government at the office of the Secretary to the Government of Federation (SGF), reportedly said that government officials are gradually pushing the masses to revolt against the establishment.

He said: “We had thought that the Federal government will halt the incessant increase in the pump price of petrol after our October 16 meeting, where we made the government representatives, led by the Secretary to the Government of the Federation understand the level of frustration, hunger, misery and general restiveness across the country.

‘’Sincerely, we thought the government would give the people a breathing space and suspend the increases. The government is testing the patience of Nigerians. I can tell you that government is pushing the citizens to a boiling point.

“This latest increase of Tuesday, October 29 is one increase too many and a bitter pill to swallow. The increases are pushing the citizens to the limit.

“Government should not be surprised if the people of Nigeria decide to react in an unexpected way that will shock those in government. The people are really angry, frustrated, hopeless and are moving to a point where they may vent their anger in an unusual way that may be difficult to curtail.

‘’You cannot continue to flog a child and tell him not to cry. Hunger is everywhere, apart from the people in power or their friends and relations.

“The frustration and suffering in the country were also highlighted a few days ago during the meeting of the 19 Northern governors, alongside traditional rulers, among others. Across the country, people are just waiting for something to ignite the fire.

“Increasingly, the government is providing the fuel that will ignite the fire. What is probably left is someone to light the matches. We (Labour) have been urging the government to jettison the anti-people policies and lessen the pain, suffering, hunger, poverty and frustration to no avail.

“We have been cautious, thinking the government will allow common sense, empathy and the reality of the mass suffering of the citizens to drive its actions and inactions. Unfortunately, the reverse has been the case. It is getting to the time when the bubble will burst. Even a goat can bite when pushed to the wall.

“Today, the nation’s macro-economic indices are all heading down south without any letting.

Electricity tariffs have gone up, making power almost inaccessible to a greater number of our citizens.

“Petrol prices have gone through the roof and are nearly impossible for an average Nigerian to afford.

Transportation has become difficult, leading to levels of food scarcity and hunger never seen in the country before now.

‘’That unfortunately, has become our lot and that has become what majority of Nigerians look up to us to ameliorate.

“We need your unity and your strength if we are to creatively engage these forces and make governance work for the greater number of workers and people. As it is today, our choices are very limited. It is either we find a way to collectively overcome the forces that are bent on keeping us down as a people or we completely surrender to them and wallow in hopelessness.

“The forces of neo-liberalism must be challenged and the trade union movement remains the only viable force in Nigeria and in the world that can creatively engage it and mitigate its stranglehold on our nation.

“We must offer strong counterpoise to their prebendal logic and proffer newer arguments to triumph over their quest for profit at the detriment of the social will. It is only by remaining strong and united that we can hope to achieve that.

“It is sad but we cannot afford to keep our public refineries shut while still importing refined petroleum products. We demand a review of our salaries instead of its eroded values. We must together demand the re-commissioning of Port Harcourt, Warri and Kaduna refineries in keeping with the agreement we had with the Federal Government on October 15, 2023.”

Employers’ group laments

Speaking in a similar vein, the Chemical and Non-Metallic Products Employer’s Federation (CANMPEF), an employer group, said the petrol price increases occasioned by subsidy removal had led to an increase in transportation/logistics and production costs and a decline in household income and purchasing power.

Addressing members and guests at the 45th Annual General Meeting, AGM, of CANMPEF in Lagos yesterday, the President of the employers’ federation, Mr. Devakumar Edwin, lamented: “Following the liberalization of the foreign exchange (FX) market, PMS importers are embattled with looming scarcity and sourcing challenges of FX which continues to increase the selling cost of PMS.

‘’The price adjustments led to an increase in transportation/logistics, production costs, decline in household income and purchasing power.

“There is optimism surrounding the possibility of an energy transition that will reduce the industry’s dependence on expensive diesel and PMS. However, significant investments are required to make renewable energy viable for manufacturing operations.’’

According to him, the spillover of the increases in the petrol price, and floating of the naira has worsened the crises facing the manufacturing sector of the nation’s economy.

“For the manufacturing sector to reach its full potential, government’s intervention is critical. If priority attention is given to manufacturing as a strategic value-adding sector, capable of driving economic transformation, then the country can earn its position among industrialized nations.

“To unlock the potential of Nigeria’s manufacturing sector, the government must commit to the following investments: History has shown that protectionist policies can have a profound impact on local industries.

“A notable example is Nigeria’s 2007 cement policy, which restricted imports by companies without local manufacturing investments.

“In just 15 years following the policy, cement production in Nigeria grew from 7 million metric tonnes to over 60 million metric tonnes per annum. Expanding such policies to sectors like agriculture, petrochemicals, basic chemicals, electronics, and tools manufacturing could set Nigeria on the path to becoming an industrial giant.

“Declare a state of emergency in the manufacturing sector: The sector requires immediate attention, and this can be achieved through policies that promote growth, investment, and innovation. A clear declaration of urgency by the government would demonstrate its commitment to revitalizing the sector.

“Subsidise consumption through manufacturing: By offering tax reliefs and removing tariffs on key agricultural and manufacturing inputs, the government can reduce operational costs and encourage growth.

“These subsidies will also have a profound impact on job creation, especially for Nigeria’s youth, who will be gainfully employed in productive industries. The social and security benefits of such a move are immeasurable and far reaching.

“Create a favorable business environment: Ensuring ease of doing business is essential for long-term sustainability in the manufacturing sector. This requires a combination of administrative and legal reforms to eradicate bureaucratic barriers and other inefficiencies that hinder industrial growth.”

Featured

Makinde Ignores Oyomesi’s Rejection, Presents Staff of Office to New Alaafin of Oyo

Published

2 days ago

January 13, 2025

Eric

Governor of Oyo, Mr. Seyi Makinde, on Monday, presented the staff of office to Abimbola Owoade, the new Alaafin of Oyo.

The presentation of the staff and certificate of recognition took place at the Oyo government house in Ibadan.

The governor presented the official instrument legitimising the reign of a king to the new monarch at the Exco Chamber of the Governor’s Office in Ibadan, the state capital.

The symbolic event was performed nearly three years after the death of the former Alaafin, Lamidi Adeyemi III.

On January 10, Makinde announced Owoade as the new Alaafin of Oyo in a statement by the Oyo commissioner for information and orientation, Dotun Oyelade, quoting the governor as approving Owoade as Alaafin following the recommendations by the Oyomesi (kingmakers).

However, some members of the Oyomesi, a few hours later, rejected the appointment of Owoade as the new Alaafin.

They argued that the occupant of the stool is chosen in compliance with the registered Alaafin of Oyo Chieftaincy Declaration of 1967, not by consultation or divination as stated by Makinde.

The kingmakers in the faction include Yusuf Akinade (Basorun), Wakeel Akindele (Lagunna), Hamzat Yusuf (Akinniku), Wahab Oyetunji, warrant chief standing in for the (Asipa), and Gbadebo Mufutau, warrant chief standing in for (Alapinni).

They added that only the Bashorun, head of the Oyomesi, can convene a meeting to elect an Alaafin, arguing that any meeting convened by Makinde was null and void.

Speaking at the event, the governor said the Alaafin’s stool is important not just to Oyo town but to the Yoruba race as a whole.

The governor maintained that he decided not to meddle in the appointment of the new Alaafin because of his administration’s belief in openness and transparency.

He said, “The Alaafin stool is very important not just to Oyo Town or Oyo State but the entire Yoruba race. So, under my watch, I made it very clear that the stool would not be for sale. It is not a stool for us to toil with.

“I met Prince Owoade for the first time in my life yesterday. I never spoke to him in my entire life until yesterday. I did not know his profile or the profile of any of the princes vying for the stool and it was deliberate, because I did not want my opinion to influence the process.

“Let me say this clearly; when we came in 2019, we had challenges with the traditional institution in Ibadanland and it has been resolved to everybody’s satisfaction.

“When it was time for us to approve the selection of Okere, some people came to me and said ‘This is our friend’. They said one person is APC and I said it does not mean anything to me whether you are PDP or APC. Why should my decision be based on political consideration? So, I approved the selection of the Saki kingmakers.

“I always tell people not to kill themselves over politicians, because we see ourselves in the night. We go to each other’s houses. Politics, electioneering is a game. It’s only when you have been elected, then governance becomes a serious business because you will take decisions that will affect millions of people. So, we will not play politics with governance.

“The Alaafin stool became vacant in 2022. We were moving towards election and people said, you have to approve the appointment of Alaafin, otherwise, Oyo people would not vote for you. I said the people should not vote for me but that I would do what was right and Oyo voted for me massively. Oyo will continue to support me.

“Let me also say briefly that those that are still hell-bent on destabilising the traditional institution in Oyo, the government is not letting down. We will prosecute them. The money they collected; they will still be prosecuted except they go to Kabiyesi. If he forgives them, I will also forgive them.”

While congratulating the new monarch, Governor Makinde prayed that his reign would bring peace and progress to Oyo Town, Oyo State and the Yoruba race.

“The coronation would be in four weeks. From today, we have an Alaafin. I congratulate the Alaafin of Oyoland, His Imperial Majesty, Oba Akeem Abimbola Owoade. I pray that your reign shall bring unity to Yoruba race wherever they may be around the world.

“I pray it would also bring progress and development to Oyoland, Oyo State as well as Yoruba race in general,” Governor Makinde added.

In his response, Alaafin Owoade promised to work for the progress of Oyo Town, Oyo State and Nigeria as well as the development of the people.

He thanked the Governor, the Oyomesi and everyone that worked for his selection and assumption of office as the 46th Alaafin of Oyo.

Earlier in his speech, the Commissioner for Local Government and Chieftaincy Matters, Hon Demola Ojo, lauded the Governor for his determination to ensure that the right processes were followed in the selection of the new Alaafin.
He also thanked those involved in the selection process.

In attendance at the event were the Deputy Governor of Oyo State, Barr. Abdulraheem Bayo Lawal; a former Speaker, Oyo State House of Assembly, Senator Monsurat Sunmonu; member representing Oyo East/Oyo West House of Assembly, Hon. Rahman Olorunpoto; Awise Awo Agbaye, Professor Wande Abimbola and his wife, Iyanifa Ajisebo Abimbola; some members of the Oyomesi as well as traditional rulers in Oyo Kingdom.

Top government functionaries in attendance included the Secretary to the State Government, Prof. Olanike Adeyemo; Chief of Staff to the Governor, Otunba Segun Ogunwuyi; Head of Service, Mrs Olubunmi Oni, mni, and the Permanent Secretary, Ministry of Local Government and Chieftaincy Matters, Mr Joel Ajagbe.

Sources: TheCable and Channels TV

Featured

Viral Video: The Okoya Family Comprises Responsible Citizens

Published

3 days ago

January 12, 2025

Eric

Many have been baffled about the recent viral video of the Okoya boys, Subomi and Wahab.

The Viral Video was shot privately to promote a song release ‘CREDIT ALERT’.

Looking at their parent’s life trajectories this unfortunate situation doesn’t accurately represent who the boys are.

Their father, an industrial giant is an easy going man whose passion for his trade has seen him dominating the business landscape over the last 65 years, while their mother whom the high society holds in high esteem as the epitome of brain and beauty is a workaholic who has equally inculcated the virtues of hardwork in all her children with a mantra “money doesn’t fall from the trees, you have to work to earn it’.

The ongoing debates surrounding the viral videos of the Okoya boys alleged abuse of the Naira is not necessary. While I quite agree with the authorities on measures being taken to curtail the abuse of Nigeria’s currency and its integrity, this particular scenario is a private video shot immaturely to promote the young boy’s upcoming song, “CREDIT ALERT’’ as the purpose of the video was simply to promote their music in a style emblematic of western music styles and trends, not necessarily to show off or demean Nigerian law enforcement.

They are young adults who have constantly demonstrated their sense of responsibility as citizens of Nigeria and will continue to uphold the law.

No doubt, the Okoya family comprises responsible citizens of the country, who constantly uphold what Nigeria stands for.

Featured

A Requiem for a Trojan, Chief Olabode Emanuel

Published

3 days ago

January 12, 2025

Eric

By Eric Elezuo

When men pass away, life experiences a definite slow down for as many loved ones as they may have known, but when men like Chief Olabode Emanuel are no more, the entirety of creation is alerted; mourning becomes a case study, and wails as loud as thunder clap are heard from nigh and far. That is because they touched lives indescribably.

That is the story of a titan, who bowed out of a wonderful performance on January 4, 2025, just at the turn of a fresh year, after nine decades of meritorious existence, breaking barriers and churning out one first another another. Bode Emanuel, as he is fondly known, was many things in one package, traversing the world of financial entrepreneurship with ease, and into industrialisation as a construction guru as well as a boardroom wizkid with his glorious spell at UAC’s Grand Cereals, where he retired in 2021.

A proud alumnus of the prestigious St. Gregory’s College, Bode Emanuel is a typical example of he came, he saw and he conquered.

His death as announced by the Old Boys Association of St. Gregory’s College (SGCOBA) though sent shivers down the spines of not a few, was still taken with equanimity and total reverence to the will of Almighty God as a result of the numerous lives his existence touched and turned around. Many hears his name, and smile.

A revered Board of Trustees Member of the institution, the nonagerian, before his demise, was also a Chartered Accountant par excellence, a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW), and a member of the Institute of Chartered Accountants of Nigeria (ICAN).

The statement announcing his death read: “As a seasoned administrator with vast experience, Chief Emanuel has served as the Chairman of the Board of many local and international corporate organizations.

“These include: BoriniProno & Co. Limited, Trevi Foundations of Nigeria Limited, Foundation Construction Limited, Saipem (Nigeria) Limited, Hogg Robinson Nigeria Limited, and Grand Cereals Limited.

“Aside St Gregory’s College Old Boys Association, he was a board member of, Nigerian Life & Provident Company Limited, Sterling Assurance Company Limited, Macmillan Nigeria Publishers Limited – Publishers of Primary, Secondary and Tertiary Books and Publications in Africa – amongst others. Details on burial arrangements are “to be announced by the family.”

Born on April 20, 1935, Bode Emanuel has either headed or founded several notable business and professional bodies including being a foremost member of the Ikoyi Club, and founding member of the New Partnership for Africa’s Development (NEPAD) Business Group Nigeria, which he rose to become its 4th Chairman in 2022.

Chief Emanuel is survived by a vast array of family members, friends and colleagues, including his beloved wife and confidante, Mrs Anana Bode Emanuel.

The entrepreneur will be sorely missed!