News

Hunger: Protest In Abuja Over Fuel Crisis, Inflation

Published

3 weeks ago

November 4, 2024

By Kayode Sanni-Arewa

Nigerians gathered in Abuja on Monday, launching a large-scale protest over escalating fuel costs, chronic fuel shortages, and mounting economic hardship.

Led by Abdullahi Bilal of the (Two Million Man March Against Oil Scam Cabal) and Barrister Napoleon Otache and Olayemi Isaac from Citizens and Economic Freedom Rights Activists in Nigeria (CEFRAN), the demonstrators demanded immediate action to address what they described as failed leadership in managing the country’s oil sector.

Central to the protests were grievances over skyrocketing fuel prices and the never-ending queues, which they argued have driven inflation and plunged millions of Nigerians into poverty.

The demonstrators condemned the current fuel subsidy regime, claiming it has only served to enrich a select few while leaving the majority struggling with high prices.

They called for full deregulation in the oil sector to ensure transparency, competition, and fairer fuel pricing.

Protesters also decried the importation of adulterated fuel, which they said is a corrupt practice that harms citizens by damaging vehicles and businesses.

They demanded an immediate halt to these imports and accountability for those responsible, questioning how substandard fuel continues to enter the country despite quality control assurances.

Additionally, the group criticized the unfulfilled promise of the Dangote Refinery to resolve Nigeria’s fuel crisis, expressing frustration over the billions of dollars spent on refinery development and refurbishing existing facilities.

They argued that despite these investments, fuel shortages persist, leaving Nigeria reliant on costly imports even as an oil-producing nation.

Highlighting the impact of the fuel crisis on the economy, protesters cited inflation surpassing 24% and a 200% rise in fuel prices, factors they say are deepening poverty across the country.

They urged President Bola Tinubu to intervene by overhauling leadership in the oil sector, enforcing greater accountability, and putting citizens’ needs first. The protesters vowed to continue mobilizing until their demands for reform and transparency are met.

Speaking to journalists during the mass demonstration, Abdullahi Bilal stated, “The Two Million Man March stands as a united voice for every citizen who has been betrayed by a system that continues to enrich a few at the expense of many.

“Today, we call for the immediate resignation of the current leadership in the country’s oil sector. Their management has failed Nigerians.

Under their watch, we have seen fuel prices skyrocket without consultation or consideration of the devastating impact on the people. We have endured fuel scarcity while substandard, adulterated fuel is imported, causing further hardship.

“We demand the complete removal of the fraudulent fuel subsidy regime that has only served to enrich a select few. Full deregulation is necessary to introduce transparency, competition, and fairness to our oil sector.

We also demand an end to the importation of adulterated fuel into Nigeria. This harmful practice must stop immediately, and those responsible must be held accountable for the damage caused to our vehicles, businesses, and livelihoods.

Nigerians have suffered long enough, wasting hours and days queuing for fuel. We demand a sustainable solution to the fuel scarcity crisis—no more excuses, no more delays. We deserve better.

“We also want to highlight the failure of the much-anticipated refinery. Nigerians were promised that this would solve our fuel crisis, but it has failed to deliver.

“This mismanagement has led to inflation reaching a shocking 24.5% as of November 2024. Fuel prices have increased by over 200%, plunging millions of Nigerians into deeper poverty.

To the government, we say: enough is enough. Nigerians will not stand by while the oil cabal continues to thrive at the expense of our nation’s welfare. We demand accountability, and we demand it now.”

On their part, Barrister Napoleon Otache and Olayemi Isaac, insisted: “This act of economic sabotage has led to endless fuel queues, skyrocketing fuel prices, and unprecedented disruptions in the daily lives of Nigerians.

“We demand an immediate end to fuel queues, transparency, and accountability from all involved parties. We want to know how substandard fuel continues to enter the country despite assurances of quality control.”

News

SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22 November 2024

Published

54 minutes ago

November 22, 2024

Naijablitznews

The black market dollar to Naira exchange rate on Friday 22 November 2024 can be accessed below.

NewsOnline Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

According to Bureau De Change (BDC) sources, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players bought a dollar for N1710 and sold it for N1750 on Friday, November 22, 2024.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1730
Selling Rate N1740
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1745
Selling Rate N1750
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

News

Simon Ekpa to Face Extradition, DHQ Declares

Published

58 minutes ago

November 22, 2024

Naijablitznews

The Nigerian Defence Headquarters, Abuja, has declared that Simon Ekpa, the self-proclaimed prime minister of the Indigenous People of Biafra (IPOB) will be extradited to the country to face charges against him.

Speaking on the arrest of Ekpa in a short press statement made available to journalisrs, the Director of Defence Information, Brig Gen Tukur Gusau, said the Chief of Defence Staff, Gen Chris Musa, was pleased with Ekpa’s trial.
Gusau wrote: “CDS is happy with his arrest in Finland, with the hope this will be a step towards his extradition to Nigeria so that he will face justice.”

Recall that the Finland district court in Lahti had ordered the remand of Simon Ekpa on probable cause for public incitement to commit a crime with terrorist intent in Nigeria. Ekpa was accused of using social media platforms to spread separatist propaganda linked to IPOB, a group advocating for the secession of southeastern Nigeria.

The court alleged that the offences dated back to August 23, 2021. Finland authorities have also investigated Ekpa in the past for alleged financial crimes, including the collection of funds through questionable means.

The head of the investigation, crime commissioner Otto Hiltunen of the Central Criminal Police, stated, “The police suspect that the man has promoted his efforts from Finland with means that have led to vi3lence against civilians and authorities as well as other crimes in the region of South-Eastern Nigeria. The man has carried out this activity, among other things, on his social media channels.”

News

Oil theft: DHQ rubbishes Tompolo’s allegation against Navy

Published

60 minutes ago

November 22, 2024

Naijablitznews

Defence Headquarters, Thursday, described as ‘laughable’, allegation by Chairman, Tantitta Security Services, Mr Government Ekpemuopolo, alias Tompolo, that the Nigerian Navy was sabotaging the fight against crude oil theft.

Noting that it cannot be seen to be joining issues with Tompolo, the DHQ, said the work of the Navy and its determined efforts to rid the Niger Delta of economic saboteurs and crude oil thieves which is reflecting on the nation’s crude production, was there for everybody to see.

Director of Defence Media Operations, Major General Edward Buba disclosed this while commenting on Tompolo’s allegation made on Monday.

He said: “What I will say is that such allegation is just laughable. We will not join issues with anybody. What we seek is cooperation not conflict. We don’t want all these back and forth. We don’t want all this blackmail. What we want is working to ensure increased production of crude oil.

“The efforts of our Navy is very obvious. It is there for everybody to see and we are seeing the increase in crude oil production. We are ready to work in collaboration with stakeholders to continue to increase oil production. That is what we want.”

Recall that Tompolo had on Monday accused Navy personnel of being a clog in Tantitta’s fight against oil theft in the Niger Delta, calling on Nigerians to join hands in the battle to save the country’s economy.

Also, Major General Buba disclosed that those (IPOB/ESN) members responsible for the killing of three soldiers at a checkpoint in Abia State would be tracked down and made to pay the price for their murderous act.

Urging innocent citizens of the area not to panic, he said: “Our troops were attacked on November 13, and we recorded three casualties in the South East. To those expressing fear that troops will come and start killing everybody, this is not true.

“We are a professional force with rules of engagement. We will not go about killing people, but there will be consequences for those responsible for the attack. Our target will be against the terrorists and we will get them and I will give you the good news.”