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SERAP Calls on Tinubu to Halt Petrol Price Increase During Court Proceedings
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to promptly reverse the recent increase in petrol prices while a lawsuit questioning the Nigerian National Petroleum Company Limited’s (NNPCL) authority to raise fuel prices is pending before the Federal High Court in Abuja.
The latest price adjustments have seen petrol retailing for N998 per litre at NNPCL outlets in Lagos, a significant jump from the previous price of N855.
In Abuja, the price has risen to N1,030 from N897, with some stations in Lagos reportedly charging as much as N1,050.
This demand comes on the heels of SERAP’s lawsuit filed last month against President Tinubu and the NNPCL, addressing not only the failure to roll back the fuel price increase but also allegations of corruption and mismanagement within the NNPCL.
SERAP has consistently emphasized that these actions are crucial for the well-being of Nigerian citizens, especially amid the current economic challenges.
In an open letter dated October 12, 2024, and signed by Deputy Director Kolawole Oluwadare, SERAP argued that the recent price hikes undermine the integrity of the ongoing court case, risking the possibility of justice being obstructed.
The organization highlighted that one of the fundamental tenets of the rule of law is its application to everyone, including presidents and executives of public organizations.
SERAP’s letter asserted that maintaining the purity and clarity of the judicial process is vital for public trust in the legal system.
It stressed that the recent increase in petrol prices could prejudice the case’s outcome and damage the public’s confidence in the court’s ability to deliver justice.
The letter referenced President Tinubu’s commitments since assuming office in May 2023, where he assured citizens that Nigeria would be governed in accordance with the Constitution and the rule of law.
SERAP expressed concern that raising fuel prices while the legal case is ongoing would contradict those assurances and undermine the government’s credibility.
In conclusion, SERAP requested that immediate measures be taken to reverse the price hike and comply with their request.
The organization warned that failure to do so may lead to contempt proceedings or other legal actions aimed at ensuring compliance in the public interest.
SERAP remains committed to holding public institutions accountable and fighting for the rights of Nigerians, emphasizing the necessity of transparency and good governance.
Omoyele Sowore has criticized northern leaders for shutting down schools to allow children to participate in Ramadan fasting. The decision, implemented in Bauchi, Katsina, Kebbi, and Kano States, has caused criticism from many Nigerians.
Sowore, a well-known Nigerian activist, accused the leaders of hypocrisy, claiming that their children are not affected by the policy since they attend expensive private schools in Abuja or study abroad.
In a statement on his Facebook page, Sowore condemned the move, saying, “Those who decided to shut down schools for Ramadan fasting don’t have their children in these struggling public schools.
Their kids attend top private schools or study overseas, funded by resources meant to support underprivileged students in these poorly maintained schools, which remain open during Ramadan. These leaders are irresponsible and unfair.”
President Donald Trump has announced plans to purchase a new Tesla vehicle to demonstrate his support for Elon Musk amid recent boycotts and a significant drop in Tesla’s stock value.
On his Truth Social platform, Trump praised Musk’s contributions to the nation and criticized efforts to harm the entrepreneur and his company. He stated, “I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American.”
In response, Musk expressed gratitude to the president on his social media platform, X. Musk currently leads the Department of Government Efficiency (DOGE) under the Trump administration, focusing on reducing federal spending and workforce.
This initiative has caused protests and boycotts targeting Tesla, with incidents of vandalism reported at dealerships and charging stations.
Tesla’s market value has declined sharply, with shares dropping over 15% recently, influenced by Musk’s political involvement and its impact on consumer sentiment. Despite these challenges, Trump continues to voice strong support for Musk’s efforts to “Make America Great Again.”
Former U.S. President Donald Trump has predicted that the country will become extremely wealthy through tariffs.
Trump stated that the U.S. is set to gain hundreds of billions of dollars from tariffs soon. He believes the move will encourage companies and factories to return to the U.S., creating more jobs.
Speaking with FOX Business’ Maria Bartiromo on Air Force One on Sunday evening, Trump responded to concerns about a possible recession. He admitted there’s always hesitation but remained confident about the benefits of the tariffs.
“All I know is we’re going to make hundreds of billions of dollars from tariffs, and we’ll become so rich you won’t even know where to spend it all,” Trump said. “Just watch — there will be more jobs and open factories. It’s going to be great.”
Trump has recently placed tariffs on key trade partners, including Canada, Mexico, and China, as part of his economic strategy.
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