CSOs threaten to shutdown Nigeria over IPMAN’s proposed fuel price hike to N700
A coalition of civil society groups has issued a stern warning to the Independent Petroleum Marketers Association of Nigeria (IPMAN) that it will shutdown Nigeria if IPMAN increase fuel pump prices to N700 per litre.
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The coalition, consisting of various civil society organizations, has vowed to mobilize Nigerians for street protests if the price hike is implemented.
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The coalition of civil society groups strongly condemned IPMAN’s alleged plan to raise fuel pump prices from the government-approved N538 per litre to N700.
They labeled the move as an act of mischief and sabotage, especially considering that Nigerians are still recovering from the shock of the previous price increase on May 29, 2023.
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In response, the coalition announced that it would organize protests across all 36 states of the country, starting on Monday, July 3, 2023.
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Comprising organizations such as the Oil and Gas Transparency and Advocacy Group, Civil Society Coalition for Economic Development, Centre for Citizens Rights, Centre for Good Governance Advocacy, and Action Against Corruption in Nigeria, among others, the coalition urged the government to intervene and restrain IPMAN.
They emphasized that any filling stations found selling fuel above the government-approved price would face picketing and further consequences. The coalition expressed concern over the lack of palliative measures for Nigerians in the face of the recent fuel price adjustments.
The coalition of civil society groups underscored that IPMAN does not possess the statutory power to modify fuel pump prices.
They warned that any attempt by the association to proceed with the proposed increase would be vehemently resisted.
The coalition held the view that IPMAN’s decision would lead to widespread protests due to its negative impact on the welfare of Nigerians. Furthermore, they argued that the proposed price hike would result in an exorbitant 451% increase compared to the initial rate set by President Bola Ahmed Tinubu’s administration.
Accusing IPMAN of orchestrating a suspicious reduction in petrol consumption from 66 million litres per day to 40 million following the removal of fuel subsidy, the coalition criticized the association for its involvement in sharp practices within the downstream sector.
They asserted that such unethical conduct could no longer be tolerated. The coalition called on IPMAN to prepare for a transformation in the sector, as civil society organizations and the public at large are committed to demanding transparency, fairness, and accountability. They urged the government to take decisive action and prevent IPMAN from implementing the proposed fuel price hike.
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