Top Images For #OccupyNigeria

Nigeria is Africa&#39s biggest oil producer, but still imports refined petrol. The country produces about 2 million barrels of crude oil daily which is exported to be refined abroad even though the country has 4 refineries with installed capacity of 445,000 bpd. Despite this, the country imports 250,000bpd of petroleum products into the country for sale to its citizens. The price of petrol has increased from 65 naira ($0.40; £0.26) per litre to at least 140 naira in filling stations and from 100 naira to at least 200 naira on the black market, from which many Nigerians buy their fuel. Due to years of mismanagement and systemic corruption, Nigeria does not have the capacity to refine crude oil into petrol and other fuels.

 

 

With the majority of Nigerians living on less than $2 per day, cheap petrol is viewed by many Nigerians as the only tangible benefit they receive from the state, hence the widespread disapproval. In addition, the economy is heavily reliant on crude oil (amongst other reasons,due to absence of essential infrastructure and services such as constant electricity). A consequence of this is that other seemingly unrelated items are tied to the price of fuel as has occured from previous price hikes. Due to the absence of stable electricity, gasoline generators are a common energy alternative for small businesses and residences.

 

With each hike, there is a commensurate rise in the cost of production of goods and services which would be transferred on to the consumers, leading to widespread inflation. Unfortunately, even when fuel price hikes were reversed in the past, the increase in the cost of goods and services (inflationary reaction) remained.

The removal of the subsidy took effect from Sunday, 1 January 2012 as announced by the Executive Secretary of the Petroleum Product Pricing Regulatory Agency, PPPRA Reginald Stanley.

Protesters shut petrol stations and formed human barriers along motorways. Nigeria&#39s main trade unions have also announced an indefinite strike and mass demonstrations from Monday, 9 of January 2012 unless the removal of a fuel subsidy is reversed. “We have the total backing of all Nigerian workers on this strike and mass protest,” the Nigeria Labour Congress&#39s Chris Uyot told the BBC

Governor of the Central Bank of Nigeria LamidoSanusi told the BBC the subsidy (which he said cost the government about $8bn last year) was “unsustainable”. Several previous governments have tried to remove the subsidy but have backed down in the face of widespread public protests and reduced it instead.

While there is agreement in some quarters that the subsidy might eventually need to be removed, protesters believe the time is not right for such a drastic move as the average citizen&#39s income is a pittance (Nigeria&#39s monthly minimum wage was recently increased to 18,000 naira or around $110) and this is the only benefit the common man gets from the government. Based on this, it would be an unsound economic policy to use the prices charged by some foreign countries as a guide to setting the price in Nigeria as their GDP and other economic indices is not comparable to Nigeria&#39s own, especially as Nigeria is a petroleum producing country and should therefore enjoy the benefit.

In addition, there is widespread indignation by the people that the government has not provided the basic amenities which they should have provided in the first place but rather mismanaged and enriched themselves with the available resources. They therefore believe that the additional income generated by the subsidy removal would be used to line the same corrupt leaders pockets.

It is claimed that the Government of Nigeria has always budgeted enough resources for the comfort of its officials, while disregarding that of the people. The supposed flagrant disregard for the people&#39s welfare by removal of the fuel subsidy without putting in place programs to cushion the effect, coupled with the fact that they (government) have not led by example in sacrificing their huge salaries and allowances (which is further claimed to be the highest in the world), has necessitated the Occupy Nigeria protests.

In other quarters however, there is a belief that there was no fuel subsidy in the first place as a former Petroleum Minister, Professor Tam David-West,claimed that the previous pump price of 65 naira was actually higher than the cost price of 40.02 naira (including tax and other real costs) and the supposed subsidy was a bogus claim by the government.

There is yet another unsubstantiated claim in some quarters that the current travails in the country (including the BokoHaram security incidents) are a deliberate plot by a cabal who are set to make the country ungovernable for the current president due to their candidate in the last election, General MuhammaduBuhari, losing in the election. Proponents of this claim further state that President Goodluck Jonathan is only a stooge who is powerless to make real decisions especially as members of this cabal are in the presidency itself and there might even be some foreign involvement from some Western powers. Other&#39s claim that the cabal&#39s intent is not to destabilize the political system (in which case they are separate from those sponsoring the BokoHaram security incidents), but to make profit at the expense of the masses, hence removal of the subsidy.

“The prices of everything will increase – transport, housing, school fees, food, etc. The common man will not be able to survive.” said GaniatFawehinmi, widow of the late human rights lawyer, GaniFawehinmi.

“Jonathan has shown that he can’t be trusted,” IssaAremu, NLC vice president, told demonstrators. “He said he was engaging in dialogue and all of a sudden, he increased the price!”

In the meantime however, protests are gathering momentum, with protests starting in Abuja and Lagos on the 2nd of January and the rest of the nation catching the grip on the second day as Kaduna, Kano, Ibadan took over. Continued protests surfaced at Ibadan, Ilorin, Kebbi, Gusau and a host of other states across the nation. Meanwhile, there were claims that some protesters were shot at by policemen in Kano at midnight. It was claimed that the uniformed men ambushed them while undergoing peaceful demonstrations and shot at the protesters. With this, the protesters reportedly dispersed only to reconvene at another venue as they vowed to pass the night protesting.

Celebrities like Banky W, FunmiIyanda, SeunKuti, DedeMabiaku and others have been at the forefront of #OccupyLagos, as the protests have been referred to in the nation&#39s former capital, Lagos.

 

The protest aims to among other things:

First, force the Nigerian government to return to the status quo and cause petrol to be sold at the previous rate of 65 naira per litre.

The cost of maintaining public officials has skyrocketed over the past decade and this has to be stopped. The Nigerian President budgets N45 million for the purchase of kitchen and household equipment, while N293 million will be used for “refreshment”. The US president reportedly pays for most of his and his family’s dry-cleaning, meals and drinks. BarackObama can only expect free meals at official dinners, especially when hosting foreign dignitaries. Nigerians will believe that government is merely taxing them to subsidise the life of ease and luxury of public officials.

 

Get the government to provide improved infrastructure, eradicate corruption and nepotism.

Get Nigerians to be more involved in the activities of their government.

Weaken (and possibly eliminate) the existing “power cabal”.

 

 

The table below shows the PMS price per litre compared to the minimum wage of other OPEC Countries.

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Top Images For #OccupyNigeria

Nigeria is Africa&#39s biggest oil producer, but still imports refined petrol. The country produces about 2 million barrels of crude oil daily which is exported to be refined abroad even though the country has 4 refineries with installed capacity of 445,000 bpd. Despite this, the country imports 250,000bpd of petroleum products into the country for sale to its citizens. The price of petrol has increased from 65 naira ($0.40; £0.26) per litre to at least 140 naira in filling stations and from 100 naira to at least 200 naira on the black market, from which many Nigerians buy their fuel. Due to years of mismanagement and systemic corruption, Nigeria does not have the capacity to refine crude oil into petrol and other fuels.

 

 

With the majority of Nigerians living on less than $2 per day, cheap petrol is viewed by many Nigerians as the only tangible benefit they receive from the state, hence the widespread disapproval. In addition, the economy is heavily reliant on crude oil (amongst other reasons,due to absence of essential infrastructure and services such as constant electricity). A consequence of this is that other seemingly unrelated items are tied to the price of fuel as has occured from previous price hikes. Due to the absence of stable electricity, gasoline generators are a common energy alternative for small businesses and residences.

 

With each hike, there is a commensurate rise in the cost of production of goods and services which would be transferred on to the consumers, leading to widespread inflation. Unfortunately, even when fuel price hikes were reversed in the past, the increase in the cost of goods and services (inflationary reaction) remained.

The removal of the subsidy took effect from Sunday, 1 January 2012 as announced by the Executive Secretary of the Petroleum Product Pricing Regulatory Agency, PPPRA Reginald Stanley.

Protesters shut petrol stations and formed human barriers along motorways. Nigeria&#39s main trade unions have also announced an indefinite strike and mass demonstrations from Monday, 9 of January 2012 unless the removal of a fuel subsidy is reversed. “We have the total backing of all Nigerian workers on this strike and mass protest,” the Nigeria Labour Congress&#39s Chris Uyot told the BBC

Governor of the Central Bank of Nigeria LamidoSanusi told the BBC the subsidy (which he said cost the government about $8bn last year) was “unsustainable”. Several previous governments have tried to remove the subsidy but have backed down in the face of widespread public protests and reduced it instead.

While there is agreement in some quarters that the subsidy might eventually need to be removed, protesters believe the time is not right for such a drastic move as the average citizen&#39s income is a pittance (Nigeria&#39s monthly minimum wage was recently increased to 18,000 naira or around $110) and this is the only benefit the common man gets from the government. Based on this, it would be an unsound economic policy to use the prices charged by some foreign countries as a guide to setting the price in Nigeria as their GDP and other economic indices is not comparable to Nigeria&#39s own, especially as Nigeria is a petroleum producing country and should therefore enjoy the benefit.

In addition, there is widespread indignation by the people that the government has not provided the basic amenities which they should have provided in the first place but rather mismanaged and enriched themselves with the available resources. They therefore believe that the additional income generated by the subsidy removal would be used to line the same corrupt leaders pockets.

It is claimed that the Government of Nigeria has always budgeted enough resources for the comfort of its officials, while disregarding that of the people. The supposed flagrant disregard for the people&#39s welfare by removal of the fuel subsidy without putting in place programs to cushion the effect, coupled with the fact that they (government) have not led by example in sacrificing their huge salaries and allowances (which is further claimed to be the highest in the world), has necessitated the Occupy Nigeria protests.

In other quarters however, there is a belief that there was no fuel subsidy in the first place as a former Petroleum Minister, Professor Tam David-West,claimed that the previous pump price of 65 naira was actually higher than the cost price of 40.02 naira (including tax and other real costs) and the supposed subsidy was a bogus claim by the government.

There is yet another unsubstantiated claim in some quarters that the current travails in the country (including the BokoHaram security incidents) are a deliberate plot by a cabal who are set to make the country ungovernable for the current president due to their candidate in the last election, General MuhammaduBuhari, losing in the election. Proponents of this claim further state that President Goodluck Jonathan is only a stooge who is powerless to make real decisions especially as members of this cabal are in the presidency itself and there might even be some foreign involvement from some Western powers. Other&#39s claim that the cabal&#39s intent is not to destabilize the political system (in which case they are separate from those sponsoring the BokoHaram security incidents), but to make profit at the expense of the masses, hence removal of the subsidy.

“The prices of everything will increase – transport, housing, school fees, food, etc. The common man will not be able to survive.” said GaniatFawehinmi, widow of the late human rights lawyer, GaniFawehinmi.

“Jonathan has shown that he can’t be trusted,” IssaAremu, NLC vice president, told demonstrators. “He said he was engaging in dialogue and all of a sudden, he increased the price!”

In the meantime however, protests are gathering momentum, with protests starting in Abuja and Lagos on the 2nd of January and the rest of the nation catching the grip on the second day as Kaduna, Kano, Ibadan took over. Continued protests surfaced at Ibadan, Ilorin, Kebbi, Gusau and a host of other states across the nation. Meanwhile, there were claims that some protesters were shot at by policemen in Kano at midnight. It was claimed that the uniformed men ambushed them while undergoing peaceful demonstrations and shot at the protesters. With this, the protesters reportedly dispersed only to reconvene at another venue as they vowed to pass the night protesting.

Celebrities like Banky W, FunmiIyanda, SeunKuti, DedeMabiaku and others have been at the forefront of #OccupyLagos, as the protests have been referred to in the nation&#39s former capital, Lagos.

 

The protest aims to among other things:

First, force the Nigerian government to return to the status quo and cause petrol to be sold at the previous rate of 65 naira per litre.

The cost of maintaining public officials has skyrocketed over the past decade and this has to be stopped. The Nigerian President budgets N45 million for the purchase of kitchen and household equipment, while N293 million will be used for “refreshment”. The US president reportedly pays for most of his and his family’s dry-cleaning, meals and drinks. BarackObama can only expect free meals at official dinners, especially when hosting foreign dignitaries. Nigerians will believe that government is merely taxing them to subsidise the life of ease and luxury of public officials.

 

Get the government to provide improved infrastructure, eradicate corruption and nepotism.

Get Nigerians to be more involved in the activities of their government.

Weaken (and possibly eliminate) the existing “power cabal”.

 

 

The table below shows the PMS price per litre compared to the minimum wage of other OPEC Countries.

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