N340 a litre of fuel is a recipe for chaos, says Omokri, who added that the increment could spark revolt that may force Buhari into exile
By Ishaya Ibrahim, News Editor
Reno Omokri, a former aide to ex-President Goodluck Jonathan on social media, has warned that selling a litre of fuel at N340 could lead to a revolt that may force President Muhammadu Buhari into exile.
The federal government announced that by mid-next year, it will phase out fuel subsidy, a situation that could put the pump price of fuel, also known as PMS, at N340.
Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, said the market value of fuel when the subsidy is removed will be N340, more than 100 per cent higher than the current rate.
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Inflation which has been on the increase will likely double once the government announces the N340 per litre of the new pump price of fuel.
The minister of finance, Zainab Ahmed, says the government will provide N5,000 monthly stipend to assist at least 40 million poor Nigerian’s cope with the impact of the fuel subsidy removal. But that is the price of 6kg of gas which may not take a family of four beyond three weeks.
Reno Omokri warns via his Instagram page that Buhari may be forced to take refuge in the Niger Republic if the litre of fuel rises to N340.
He says: “₦340 per litre for fuel is completely unacceptable to Nigerians. If Buhari tries this, Nigerians will make him enter his $2 billion railway to the Niger Republic permanently. This is from the same man who said ‘anybody who says he is subsiding anything he is a fraud’?”
A former senator who represented Kaduna Central in the federal legislature, Shehu Sani, had earlier warned that the government’s N5,000 won’t be able to mitigate the negative impact of the new price of fuel on the standard of living of Nigerians.
He says via his Twitter handle: “When the pump price rises to N340, salaries or wages will be worthless,landlords will increase the rent, the schools will increase the tuition & parents must pay;food prices, transport,water & electricity bills will jerk up. They live in Mars and think 5k can solve all these problems.”