The Muslim Students ' Society of Nigeria, Lagos State Area Unit has faulted the N10 pump price reduction by the federal government, describing it as inadequate and an insult to the sensibility of Nigerians.
President of the society, Kaamil Kaleijaye said in a statement that the Federal Government underrated the economic consciousness of the Nigerian populace by the meagre reduction.
Kalejaiye said, "Despite the fact that it took so much time and complains to reduce the oil price, it still fell below the expectations of Nigerians. Why does the FG keep destroying the integrity of Nigeria in international community?
Where other countries are making their citizens happy with more per cent decrease, the Nigerian government compounded our sadness with N10 decrease. We must state clearly that as students, we are neither happy nor impressed with the reduction. It is a complete cheat on us.
"Even if we want to talk of cost of refining, we should still have the more reduction because if there is a significant fall in oil price, there should also be a significant change in oil price. The FG should give Nigerians what we deserve based on standard and not what their so called 'cabal' dictates that should hold."
The MSSN president said that, 'Federal Government have told us in the past that without subsidy , PMS pump price should be NGN 147 but with more than 50% drop in the price of crude oil, the reduction should be around 50%, so a reduction to less than NGN 73 is expected.'
The leader of the students-based organisation also suspected foul in the reduction, asking the government to extend the reduction to other derivatives of the crude oil.
He said, "The reduction as a cheat is further proven by the partial and suspicious gesture of the Federal Government which only reduced petroleum prices. Since it is reduction on crude oil, why is it that it is only petroleum that was reduced and no reduction announced for other derivatives of crude oil? Since Kerosene, diesel are also derivatives of crude oil, they should also be reduced.
"The government should realise that Kerosene is what the Nigerian masse s use mostly. Therefore, we call for significant reduction in the price too immediately. It is worrisome that Nigerians need to always complain before government do the right thing."
He further asked the FG to fix the challenge of missing barrels of crude oil to enable Nigerians enjoy the full benefit of the natural resources.
"FG must stop making Nigerians suffer for its inadequacies. It should account for the daily missing oil barrels and give Nigerians what they deserve," he added.
Alhaji Kaamil Kalejaiye
Muslim Students' Society of Nigeria
Lagos State Area Unit