ABEOKUTA – The Yoruba Youth Socio-Cultural Association Worldwide (YYSA), Ogun State Chapter led by Comrade Farouk Olaotan Shitta has condemn the recent increase in pump price of the Premium Motor Spirit (PMS) and electricity tarriff by the Federal Government of Nigeria.
The Federal Government recently increased the pump price of PMS from N143 per litre to N151 and electricity tarriff from N30.23 per kwh to over N66.
At a press conference on Thursday, September 3rd 2020 in Abeokuta, the state capital the group chides FG’s decision on the increase, stressing that “it was shocking and insensitivity to increase pump price of petroleum and electricity tarriff at this critical time of the country, and in the face of current economic realities confronting Nigerians over COVID-19 pandemic lockdown, argueing that Nigerians would not tolerate such extortive tendencies of the Buhari led administration.
“It is disheartening that the increase in cost of essential commodities came at a time leadership of other countries are giving palliatives to their citizens to cushion the effect of the COVID-19 pandemic.
“Indeed, the increase will adversely result in the upsurge costs of goods and services and worsen the already biting hardship faced by the masses.”
The group stated further that “when the pump price was increased from N87 to N145, Nigerians out of faith moved on with their lawful activities despite the pains, yet Federal Government of Nigeria, instead of providing succour, now skyrocketed the price to N151.”
Comrade Shitta: “YYSA Ogun State Chapter, an incorporated Yoruba Youth led organization and recognize by law demands open investigation into allegations of fraudulent subsidy which trillions of tax payers money went down the drain on.
“We unequivocally seek immediate reversal of the price of petroleum, essential commodities prices and electricity tarriffs while we charged the government to fix our national oil refineries, deregulate the oil sector, distribute freely, the prepaid meters to all homes to enable Nigerians pay for consumption of electricity only and invest massively cum aggressively in agriculture and other essential commodities.
“Nigerians are just coming out of an unprepared lockdown and have not recoup their losses, hence, we need more palliative measures to boost the economy, not an untold hardship.”