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Nigerians Brace for Potential N5,000 Per Litre Petrol Price Amid Rising Fuel Costs
Nigerians Brace for Potential N5,000 Per Litre Petrol Price Amid Rising Fuel Costs....KINDLY READ THE FULL STORY HERE▶
Concerns are mounting across Nigeria as the Nigeria Labour Congress (NLC) warns that petrol prices could soar to N5,000 per litre. This alarming prediction follows recent increases in fuel prices at filling stations owned by the Nigerian National Petroleum Company Limited (NNPC), where rates have already exceeded N850 per litre nationwide.
The increase in fuel prices comes as a direct result of a directive from the NNPC management, which raised the price from N568 to N855. Benson Upah, spokesperson for the NLC, expressed his apprehension during an interview with Daily Trust, highlighting that this escalation contradicts the previous agreements made between the union and the federal government.
Upah stated, “The mood is one of anger. Virtually every Nigerian is angry, except for that small percentage that benefits from the state.” He emphasized that the rising fuel costs are not just a labour issue but a national concern affecting every citizen.
Further expressing the union’s disappointment, Upah noted that the recent price hikes felt like a betrayal of trust. He recounted a negotiation with the President, where labour leaders rejected an offer that would have kept the price of petrol low in exchange for a lump sum payment. “What would be the effect of this on the ordinary person?” he questioned, pointing out that the proposal did not consider the welfare of the average Nigerian.
Since the removal of the fuel subsidy on May 29, 2023, Nigerians have faced a staggering increase in the cost of living. Essential sectors like education, transportation, and food have seen prices rise by 500%. The NLC spokesperson stated, “Coming to terms with these hikes is not easy. Just as Nigerians were trying to adjust, another shock has been introduced.”
With uncertainty looming, Upah warned that the worst may not yet be over. He highlighted the lack of clarity regarding the future of fuel prices, saying, “What this signals is that Nigerians have not seen the end yet. We may end up paying nothing less than N5,000 per litre for fuel in this country.”
As discussions continue within the NLC regarding the best course of action, the mood among the populace remains tense, reflecting a widespread dissatisfaction with the government’s handling of the fuel crisis. The organization plans to convene meetings to strategize and determine how best to advocate for the interests of Nigerians amid these rising costs.
The pupils and teachers who were kidnapped from schools in the Oriire Local Government Area of Oyo State have been released after nearly two months. Their freedom brings an end to a period of intense anxiety for their families and the local community, which had prompted protests from teachers and the subsequent closure of public schools across the state due to safety concerns.....KINDLY READ THE FULL STORY HERE▶
The pupils and teachers who were kidnapped from schools in the Oriire Local Government Area of Oyo State have been released after nearly two months. Their freedom brings an end to a period of intense anxiety for their families and the local community, which had prompted protests from teachers and the subsequent closure of public schools across the state due to safety concerns.
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“Bloody Showdown!” Eight Kidnappers Captured, Others Neutralized In Daring Rescue Of Oyo Pupils And Teachers!
The Presidency has confirmed the successful rescue of all teachers and pupils who were abducted in Ogbomoso, Oyo State. Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced on Friday via that eight of the kidnappers were arrested and are now in the custody of the Department of State Service (DSS), while others were neutralized. Onanuga added that security agencies will provide a full account of the operation in the near future and emphasized that there was no “quid pro quo” involved, as a terrorist kingpin whose release was demanded by the kidnappers is currently facing prosecution.....KINDLY READ THE FULL STORY HERE▶
This follows a statement from Minister of Defence Christopher Musa, who revealed in an interview preview that the abductors had threatened to kill the captives if a rescue was attempted. The Minister explained that the bandits were using the hostages as leverage to secure the release of their commanders currently held by security forces.
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2027 Shockwave: Presidency Drops Bombshell, Confirms Shettima As Tinubu’s Running Mate Again!.
The presidency has officially confirmed that President Bola Tinubu will retain Vice President Kashim Shettima as his running mate for the 2027 general election. Segun Dada, the Special Adviser to the President on Social Media, announced the decision on Friday via , sharing a photo of the pair and stating their intention to continue their partnership through 2031.....KINDLY READ THE FULL STORY HERE▶
This confirmation follows a similar announcement from Prof. Nentawe Yilwatda, National Chairman of the All Progressives Congress (APC). In a statement on his account, Yilwatda asserted that the decision reflects the party’s “collective resolve to sustain the Renewed Hope Agenda and deepen the progress already being recorded across the country.“
He further revealed that Ibrahim Masari, Special Adviser on Political and Other Matters, had formally submitted the nomination forms for Tinubu and Shettima to the party at a ceremony in Abuja. Yilwatda emphasized the APC’s commitment to strengthening grassroots support and building on the current administration’s achievements to create a more prosperous, secure, and inclusive Nigeria.
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