Following the outcry over the new pump price of premium motor spirit, often known as gasoline, after the elimination of subsidies, the US chapter of the All Progressives Congress has urged Nigerians to have patience with President Bola Tinubu.
The Nigeria Labour Congress threatened to go on a statewide strike on Wednesday, prompting the appeal.
The Nigerian National Petroleum Company Limited was particularly warned by the NLC that if the price rise for PMS to N184 per litre was not reversed, the NLC would not rescind its decision to downshift.
In response, the federal government announced that it is thinking about raising the federal minimum wage to reflect the nation’s present economic conditions.
Speaking with our correspondent, Prof. Tai Balofin, Chairman of the APC-USA, and Tunde Doherty, his counterpart in the United Kingdom, pleaded for Nigerians to exercise patience while President Bola Tinubu attempts to steer the ship out of rough waters.
When the two APC veterans went to see Senator Abdullahi Adamu, the party’s national chairman, at the secretariat, they made a plea.
According to Balofin, it is simpler for people to think that those of them living abroad are unable to understand the suffering experienced by Nigerians at home.
The chairman of APC-USA said that Americans pay up to $3.50 per gallon for fuel because the government does not pay any marketers for subsidies.
“I trust the president will put some measures in place to mitigate the impact of subsidies so they don’t go too far,” he said. It just concerns matter, really.
When compared to what we pay in Nigeria, the price of petrol in other nations, particularly the United States, can be as high as $3.50 per gallon. The crucial thing, once more, is that as soon as fuel is available, even if it is expensive, the equilibrium will be restored. But I have faith that President Tinubu is a savvy leader who understands how to effectively handle Nigerians and resources. I think it won’t be long before we start reaping the benefits.
“The decision of the representatives of Nigerians who are represented in the House of Representatives and Senators was based on the expectation of the impact of the subsidy, which we now know. They have completed the preliminary steps in subsidy reduction. Therefore, it is the duty of the congressman to inform Nigerians about how the removal will affect them.
Undoubtedly, we will arrive there, and I am confident that Nigerians will benefit. I just want to beg everyone in Nigeria to be patient and to comprehend the situation.
Balofin’s assertion that the UK does not also pay subsidies on its petroleum products was supported by Doherty.
Petrol subsidies, according to the chairman of the APC-UK, have been allowed to flourish in the nation for far too long and are a “infectious enjoyment.”
At the beginning of this rule, we must speak to Nigerians honestly and factually. We have not benefited in any manner from the subsidy. Instead, it has developed into a contagious kind of amusement in Nigeria since marketers determine prices. I think that it might be quite tough for folks right now given that there is no subsidy. But I can tell you that the current crisis is being managed by President Asiwaju Bola Tinubu. He will mitigate the effects of what Nigerians have endured over the coming months.
For instance, because there are no subsidies whatsoever, prices where we originally came from, in the United Kingdom and the United States, are not identical. Costco Oil and Sabre (Oil and Gas) are currently selling for £1.3 and £1.7, respectively, in the UK. So the economy is liberalized and includes gasoline. Nigerians cannot be made to suffer any longer. We must begin by informing Nigerians of the truth regarding the oil subsidy. We don’t get anywhere with it. Simply said, it pretentiously places us in an uncertain future.
“We love fuel where we live in the Diaspora, where there is no subsidy. Fuel scarcity has never existed in our country. The opportunity for us to take pleasure in that ‘Renewed Hope’ has arrived,” he declared.
