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HomeNewsEconomyHURIWA Alleges Fuel Price Increases Are A Strategy To Benefit Tinubu’s Allies

HURIWA Alleges Fuel Price Increases Are A Strategy To Benefit Tinubu’s Allies

The Human Rights Writers Association of Nigeria (HURIWA) has strongly condemned the recurring fuel price hikes, claiming they are part of President Bola Tinubu’s agenda to financially benefit his associates.

In a statement signed by HURIWA’s National Coordinator, Emmanuel Onwubiko, the organization argued that the policy to repeatedly increase fuel prices was never aimed at helping average Nigerians.

“The truth and nothing but the truth is that the policy of incessantly hiking the pump price of fuel and petroleum products were never meant to benefit the commoners of Nigeria.

“The primary goal is to financially reward friends of those holding sway in the current administration, their cronies or business affiliates,” Onwubiko stated.

HURIWA pointed out that these price increases have led to surging costs for essential goods, making it difficult for millions of impoverished Nigerians to afford basic necessities.

“The hikes in the costs of fuel have only brought instability in the prices of essential food items and the inability of millions of absolutely poor households in Nigeria to buy their essential food items, has resulted in malnutrition of hundreds of thousands of children, mass hunger, increasing number of out-of-school children, and starvation and untimely deaths.

“Whereas most poor Nigerians perish in unmitigated poverty and unpredictable high costs of living, only very few people running businesses in the oil and gas sector are making a kill by way of profits as data and statistics made available at the weekend have shown this irrefutable fact,” the group added, citing recent statistics.

The association urged oil and gas companies to initiate corporate social responsibility programs to help alleviate the economic burden on Nigerians, warning that rising anger among impoverished citizens could eventually threaten social stability.

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“If the poor can’t sleep because they are hungry, the rich can’t sleep inevitably because the poor, angry people are awake,” HURIWA cautioned.

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HURIWA also backed the Nigerian Labour Congress (NLC), which recently alleged that Dangote Refinery and other fuel marketers are colluding to artificially inflate fuel prices.

The rights group urged the Nigerian government to immediately activate the Port Harcourt Refinery and other government-owned refineries.

According to HURIWA, data from Nigeria’s oil sector shows that six oil and gas companies listed on the Nigerian Exchange Limited (NGX) earned a combined ₦2.97 trillion in revenue over the past nine months—up 115% from ₦1.39 trillion in the same period last year.

Profits before tax surged to ₦626.3 billion, marking an increase of 384% from ₦129.43 billion in 2023.

In closing, HURIWA called on the government to end policies that worsen poverty for the majority while enriching a select few.

“The Federal Government must stop implementing crude measures that unleash hardships on Nigerians whilst at the same time making very few people and companies too rich and prosperous from the hunger, starvation and untimely deaths of Nigerians,” HURIWA added.

“Government must restore the dignity and the respectable value of the Naira to stop the downward collapse of the value of the National currency,” the association asserted.

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