News Africa

‘Unfortunate and insensitive’ — Peter Obi tackles Tinubu on fuel price hike

Peter Obi, the Labour Party’s 2023 presidential candidate, has condemned the recent fuel price hike by the Nigerian National Petroleum Company Limited (NNPCL) as “unfortunate and insensitive”.

The price increase from N897 to N1,030 per litre has led to skyrocketing transportation costs in the Federal Capital Territory.

In a tweet on Saturday, October 12, Obi emphasized the far-reaching negative consequences for Nigeria’s economic survival and its citizens’ well-being. He argued that the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, and President Bola Tinubu are responsible for reversing this price hike.

How fuel price increment affects Nigerians

The price increase has exacerbated economic hardship for Nigerians, with the President of the Nigeria Labour Congress, Joe Ajaero, and the Independent Petroleum Marketers Association of Nigeria (IPMAN) also criticizing the hike. IPMAN revealed that NNPC sells petrol to independent marketers at N1,010/litre in Lagos despite purchasing it at N898/litre from the Dangote Petroleum Refinery.

Obi questioned the lack of explanation for the price hike and the unclear roles and responsibilities among NNPCL and regulatory agencies. He urged the government to act in the best interest of Nigerians and reverse the price hike before President Tinubu returned from his working vacation.

The statement reads in part: “This is both unfortunate and insensitive, considering the wide-ranging negative consequences for our economic survival and well-being.”

See the tweet here:

 

Source: www.legit.ng

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button