How FG intends to add 5% Petroleum Users Charge, Nigerians react

5 hours ago 4
  • The Nigerians person berated a caller authorities policy, which volition necessitate them to wage much for petrol and diesel nationwide
  • The caller policy, which the House of Representatives Ad Hoc Committee ordered for afloat implementation, is contained successful the FERMA Act 2007
  • However, astir Nigerians, including farmers and transport operators decried the policy, describing it arsenic punitive and anti-people

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Transporters, farmers, quality rights advocates, and civilian nine organisations nationwide person opposed the projected implementation of the 5 per cent users’ complaint connected petrol and diesel prices, stating that it could origin much hardship and protests nationwide.

The House of Representatives Ad Hoc Committee probing the non-remittance of the 5 per cent idiosyncratic complaint connected petroleum products to the Federal Roads Maintenance Agency (FERMA) called for the charge’s implementation arsenic enshrined successful the FERMA Act 2007.

Nigerians footwear   arsenic  FG introduces caller   complaint  connected  petrol and dieselHouse of Representatives demands the implementation of the Petroleum Users Charge connected Fuel. Credit: Novatis
Source: Getty Images

What does the FERM Act say?

The Act states that 5 per cent of the pump terms of petrol and diesel purchased by Nigerians volition beryllium added to roadworthy maintenance, with 40% remitted to FERMA and 60% to authorities roadworthy attraction agencies.

The improvement comes amid the expanding terms of petrol since President Bola Tinubu removed the subsidy connected petrol successful 2023.

A anterior study by Legit.ng stated the Nigerian National Petroleum Company Limited (NNPC) precocious increased petrol prices to N925 per litre successful Lagos and N945 successful Abuja and different locations, 2 days aft raising the terms to N915.

While the 5 per cent complaint is meant to hole atrocious roads, Nigerians judge that the repair outgo should beryllium borne by the authorities and not Nigerians who are already facing precocious inflation.

Nigerians cull the caller policy

Punch reports that the nationalist president of the Joint Drivers Association, Akintade Abiodun, accused the Nigerian authorities of utilizing the citizens arsenic laboratory rats to trial unpopular opinions.

Additionally, the nationalist president of the All Farmers Association of Nigeria (AFAN), Kabiru Ibrahim, said the caller complaint volition adhd to the outgo of surviving situation and pb to crisp increases successful the terms of cultivation products

Ibrahim warned that the argumentation would worsen nutrient ostentation and transport costs nationwide.

According to him, successful the bid to determination workplace nutrient to locations, farmers would incur further costs owed to a hike successful transportation, which volition beryllium transferred to the consumers

Petroleum Users’ Charge: CSOs react 

The Chancellor of the International Society for Justice and Human Rights (ISSJHR), Jackson Omenazu, berated the lawmakers for pursuing what helium called punitive and anti-people policies.

Omenazu warned that increasing nationalist choler could spiral into thoroughfare protests if authorities proceed to disregard citizens’ sufferings.

Similarly, the Execuritve Director of Human Rights and Justice Group, Devison Nze, described the argumentation arsenic economically reckless and ill-timed.

Nigerians to wage  much  arsenic  FG introduces caller   petroleum users complaint  connected  fuelNigerians respond to the implementation of the Petroleum Users Charge connected petrol and Diesel. Credit: Bloomberg/Contributor
Source: UGC

He asked the lawmakers to prioritise policies that enactment section manufacturing and trim the outgo of goods alternatively than adding to them.

However,  Yusuf Othman, the nationalist president of the Nigerian Association of Road Transport Owners, subtly supported the initiative, saying that FERMA needs funds to hole roads nationwide.

He stated that this would beryllium achieved if the funds were utilized judiciously and transparently.

Full database of NNPC's caller petrol prices

Legit.ng earlier reported that Retail outlets nether the NNPC person raised their pump prices to N945 per litre successful Abuja, effectual Monday, June 23, 2024.

They besides adjusted their petrol prices to N915 per litre successful Lagos, marking a caller upward terms review.

The authorities lipid firm’s terms reappraisal follows a akin summation by Africa’s largest Dangote Refinery, connected Friday, June 20, 2025.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng

Read Entire Article