Connect with us

News

Petrol Prices Are Manipulative, NNPCL A Monopoly – Lukman

Published

on

Petrol Prices NNPCL 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

“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.

Petrol Prices NNPCL Lukman

Petrol Prices NNPCL Lukman

“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 

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




 

 


DISCLAIMER: Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers Of  EKO HOT BLOG

For publication of your News Contents, articles, Videos or any other News Worthy Materials, please send to [email protected]

For Advert and other info, you can call 08035617233 or send a WhatsApp Message to 08035617233.

Please drop your comments

Copyright © Ekohotblog

MGID