Some commercial motorcyclists popularly known as Okada riders in Cameroon have expressed their grievances over the removal of fuel subsidy by President Bola Ahmed Tinubu in Nigeria.
Following the removal of fuel subsidy, the price of Premium Motor Spirit (PMS) otherwise called petrol skyrocketed to N500 per litre as announced by the Nigerian National Petroleum Company Limited (NNPCL)
Fuel subsidy is a form of government intervention to reduce the cost of fuel. It provided direct financial support to oil companies, so they can reduce the price of the product to consumers (Nigerians) to make it affordable for them.
Nigeria is one of Africa’s largest producers of crude oil and it relied heavily on this resources for economic growth.
Tinubu while announcing the subsidy removal said its purpose had been defeated and it’s only being used to enrich the rich.
The president’s stance has been widely supported by marketers, economic analysts, and politicians including his opponents in the February 25 election – Peter Obi of the Labour Party and Atiku Abubakar of the Peoples Democratic Party (PDP). Obi said; “fuel subsidy is an organised crime.”
While Nigerians have been trying to live with the reality of the effect of the subsidy removal, however, some neighbouring countries have protested against it and abused Tinubu over the development.
In a video obtained by DAILY GIST, some motorcyclists in Garoua, Cameroon expressed their dissatisfaction with a blend of Fulfulde and French, criticizing President Tinubu.
The video which has generated mixed reactions from Nigerians, also lends credence to claims of Nigeria’s subsidized fuel being stolen and taken to other countries where they are resold for more profit.
WATCH VIDEO BELOW:
TRENDING VIDEO: Okada Riders In Cameroon Rain Curses On Tinubu For Removing Fuel Subsidy In Nigeria pic.twitter.com/ABpNCIGXy8
— DAILY GIST (@NaijamediaNews) June 7, 2023
