The Federal Government’s plan to withdraw fuel subsidy in 2022 is not going down well with some persons in the country as the South-South chapter of the Coalition of Northern Groups is threatening to stage protests across the country.
In a statement signed by the group’s Coordinator, Alhaji Yakubu Aliyu, in Kano on Monday, the group expressed dismay at the plan subsidy removal noting that fuel is already over priced in the country.
The statement read in part, “The South-South chapter of the Coalition of Northern Groups views with disdain the plan by the Federal Government to effect an upward review of the nation’s already overpriced fuel. Should the Federal Government fail to heed our caveat, the group will not hesitate to join all serious protests that those, who are also bitterly opposed to the pump price increase, may embark on.
“More disturbing is the alleged twin simplistic policy to pay monthly a few millions of Nigerians N5, 000 each to cushion the usual attendant harsh effects of the pump price increase, which is far less than what the predictable hyperinflation will engender.
“Against this grim background, our group hereby urges the Federal Government to rescind the anti-common man decision, which is counterproductive and a sure way to make the nation’s economic drift worsens.”