{"id":272050,"date":"2023-06-03T12:52:20","date_gmt":"2023-06-03T11:52:20","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=272050"},"modified":"2023-06-03T12:52:20","modified_gmt":"2023-06-03T11:52:20","slug":"fuel-subsidy-be-patient-with-tinubu-apc-usa-urges-nigerians","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/06\/03\/fuel-subsidy-be-patient-with-tinubu-apc-usa-urges-nigerians\/","title":{"rendered":"Fuel Subsidy: Be patient with Tinubu, APC-USA urges Nigerians"},"content":{"rendered":"

Following the outrage that accompanied the new pump price of premium motor spirit, also known as petrol, in the wake of\u00a0the removal of subsidy, the United States chapter of the All Progressives Congress has urged Nigerians to be patient with President Bola Tinubu.<\/p>\n

The appeal follows the Nigeria Labour Congress’s threat to go on a nationwide strike on Wednesday.<\/p>\n

The NLC specifically stated that if the Nigerian National Petroleum Company Limited does not reverse the increase in the price of PMS to N184 per litre, it will not reverse its decision to down the tool.<\/p>\n

In response, the federal government has stated that it is considering raising the national minimum wage to reflect the country’s current economic realities.<\/p>\n

Speaking to reporters, Prof. Taye Balofin, Chairman of the APC-USA, and his counterpart in the United Kingdom, Tunde Doherty, urged Nigerians to be patient as President Bola Tinubu works<\/a> to steer the ship out of troubled waters.<\/p>\n

The two APC stalwarts made the appeal while visiting the party’s National Chairman, Senator Abdullahi Adamu, at the secretariat.<\/p>\n

Balofin stated that it is easier for people to believe that those in the Diaspora cannot understand the sufferings of Nigerians at home.<\/p>\n

The APC-USA chairman claimed that people in America pay up to $3.50 per litre for petrol because the country does not pay any marketer for subsidies.<\/p>\n

He said, \u201cI trust that the president will put some measures in place to cushion the effect of subsidy so it doesn\u2019t go overboard. It is only a matter of matter. In other countries, especially in the United States, the cost of fuel ranges from $3.40 to $3.50 per litre when compared to what we buy in Nigeria. Again, the important thing is that if there is fuel, even if it is expensive, they are going to balance the equilibrium as soon as possible. But I trust President Tinubu is a strategic person who knows what to do and how to manage Nigerians and resources. I believe we will start enjoying the benefit any time soon.<\/p>\n

\u201cThe expectation of the impact of the subsidy which we already know was the decision of the representatives of Nigerians who are represented in the House of Representatives and Senators. They have gone through the rudiments of the removal of subsidies. Therefore it is the responsibility of the congressmen to appeal to Nigerians about the impact of the removal.<\/p>\n

Of course, we are going to get there and I know it will help Nigerians. I just want to plead with all Nigerians to be patient and have an understanding of the situation.\u201d<\/p>\n

Doherty corroborated the position of Balofin when he said the United Kingdom does not also pay subsidies on its petroleum products.<\/p>\n

The APC-UK chairman described petrol subsidy as an \u2018infectious enjoyment\u2019 that has been allowed to thrive for too long in the country.<\/p>\n

\u201cWe have to be very factual and truthful to Nigerians at the start of this regime. The subsidy has not helped us in any way. Rather it has become a kind of infectious enjoyment in Nigeria because the determinant of pricing is the marketers. Now that there is no subsidy<\/a>, I agree that it might be very difficult for people at this time. But I can tell you that President Asiwaju Bola Tinubu is in charge of the situation now. Within the next few months, he will cushion the effect of what Nigerians have suffered.<\/p>\n

\u201cFor instance, where we came from in the United Kingdom and the United States, the prices are not equal because there is no subsidy anywhere. In the UK today, we have Costco Oil selling for \u00a31.3 and we have Sabre (Oil and Gas) selling for \u00a31.7. So it is a liberalised economy with petrol. We cannot continue to let Nigerians suffer. We have to start by telling Nigerians the truth about the oil subsidy. It doesn\u2019t take us anywhere. It is just pretentiously put us in a future we cannot predict.<\/p>\n

\u201cThere is no subsidy where we live in the Diaspora and we enjoy fuel. We have never experienced fuel scarcity. The time for us to enjoy that \u2018Renewed Hope\u2019 is here,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the outrage that accompanied the new pump price of premium motor spirit, also known as petrol, in the wake of\u00a0the removal of subsidy, the United States chapter of the All Progressives Congress has urged Nigerians to be patient with President Bola Tinubu. The appeal follows the Nigeria Labour Congress’s threat to go on a 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