News
Petrol Prices Are Manipulative, NNPCL A Monopoly – Lukman
Salihu Lukman, former National Vice Chairman (North-West) of the All Progressives Congress (APC), has accused the Nigeria National Petroleum Company Limited (NNPCL) of manipulating petroleum prices since the Dangote Refinery began operations.
EKO HOT BLOG reports that in a statement titled “Nigerian Democracy in ICU,” Lukman argued that the pricing system is designed to maintain a parasitic monopoly and force citizens to endure higher costs, which stifles local production.
He criticized the current administration, claiming that the NNPCL’s control over petroleum pricing reflects deeper economic manipulation that negatively impacts Nigerians.
EDITOR’S PICKS
- Japan’s Next PM Vows to Respect BOJ’s Autonomy
- Insecurity: Stop Hiding Behind Opposition—APC Urges Zamfara Govt
- Delta Child Rights Amendment Bill Passes Second Reading
“The econometrics of petroleum pricing since the commencement of production of Dangote Refinery is more about manipulative control and imposition of a parasitic monopoly which the NNPC represents.
“Unfortunately, for whatever reasons, that appears to be the preference of the government. As it is, the welfare of citizens is not President Asiwaju Tinubu’s priority.
“It is almost as if President Tinubu doesn’t give a damn about whether Nigerians are dying on account of the government’s heartless and mindless policies.
“Rather than push public policy in a direction that relieved the economic burden of harsh living conditions, the federal government is more bent on imposing more stringent measures that drain and devalue the resources of citizens,” Lukman noted.
FURTHER READING
- Bello Turji: More Soldiers Deployed To Zamfara As Deadline For Bandit Leader’s Levy Expires
- Pastor Allegedly Stabs Wife To Death In Anambra
- Insecurity: Stop Hiding Behind Opposition—APC Urges Zamfara Govt
Click here to watch our video of the week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611