The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to reverse the recent petrol price hike. The price increased from N897 to N1,030 per litre, sparking widespread concern.
SERAP argues that this increase undermines the integrity of the Nigerian Constitution and jeopardizes the court's ability to do justice. The organization has filed a lawsuit challenging the Nigerian National Petroleum Company Limited's (NNPCL) power to increase prices.
The controversy surrounds allegations of corruption and mismanagement within the NNPCL. The Auditor-General's 2020 report revealed unremitted funds totaling over $2 billion and N164 billion.
As Nigerians struggle with economic hardship, SERAP emphasizes the need for transparency and accountability. The organization urges President Tinubu to prioritize the public interest and reverse the price hike pending the Federal High Court's verdict.
Will the President heed SERAP's call, or will the petrol price hike remain in place?
