The umbrella body of Ijaw Youths Worldwide, the Ijaw Youths Council (IYC) has argued that though the claim by the Federal Government that the N120 billion monthly subsidy for the estimated 60 million litres of petrol the country consumes daily is not feasible, the people of the Niger Delta should be allowed to explore and refine their oil in order to produce what they can consume in the region and bring down the price.
The IYC described the proposed increase in fuel price from N170 to N234 a sign of failed and inconsistent economic policies of President Muhammadu Buhari administration and deliberate attempt to worsen the misery of Nigerians including the institutionalization of poverty, unemployment and insecurity.
The Ijaw Youths Council Worldwide through its National Spokesman, Comrade Ebilade Ekerefe in a statement issued in Yenagoa, threw its weight behind the moves by the Nigeria Labour Congress (NLC) to reject the Federal Government to sustain removal of the petroleum subsidy and increase the price of fuel pump price to N234 per litre.
Comrade Ebilade, noted that the insincerity of the President Buhari led administration is glaring in the inconsistencies in governance with huge cost of spending and wasteful allocation of resources among the three tier of Government to the detriment of the Nigerian people.
He said, ”The government is embarking on an economically devastating mission with the continuous drama on the pump price of petrol.
“The Ijaw Youths worldwide are ready to call out its members to support the NLC in whatever actions deemed fit. We also warn that despite our support to the Labour leaders, we will not condone the deceitful collusion of the past between the Labour leaders and the agents of government to deceive and force pump price on Nigerians.”
Ebilade called on the President Muhammadu Buhari administration to admit failure and approve the local refinery efforts of the people of the Niger Delta as another means of reducing economic burden, improve employment and ensure increase participation of the people of the region in oil exploration and bring down the exorbitant price of fuel.
“Most of the policies within the oil and gas sector are meant to improvished Nigerians and increase the stolen wealth of the rich.
“Instead of embarking on wasteful spending on the repairs of moribund refineries which would be used as a conduit pipe for some politicians in the country, the Federal Government could have been well advised to accelerate building of modular refineries and local participation in crude oil refining which have been tested and trusted among the people of the Niger Delta region.
“Even if the subsidy are to be totally stopped, there should have been a deliberate policy from a responsible and responsive government that more modular refineries and local refineries from the Niger Delta region should have been approved and established to reduce theft, diversion and increase local production and refining outside the country. And it will free capital resources towards development”, he stated.