"Occupy Nigeria is a series of protests that began in Nigeria on Monday, 2 January 2012 in response to the fuel subsidy removal by the Federal Government of President Goodluck Jonathan in Nigeria on Sunday, 1 January 2012.
Nigeria is Africa's biggest oil producer, but still imports refined petrol. The country produces about 2 million barrels of crude oil daily which is exported to be refined abroad even though the country has 4 refineries with installed capacity of 445,000 bpd. Despite this, the country imports 250,000bpd of petroleum products into the country for sale to its citizens. The price of petrol has increased from 65 naira ($0.40; £0.26) per litre to at least 140 naira in filling stations and from 100 naira to at least 200 naira on the black market, from which manyNigerians buy their fuel. Due to years of mismanagement and systemic corruption, Nigeria does not have the capacity to refine crude oil into petrol and other fuels.
With the majority of Nigerians living on less than $2 per day, cheap petrol is the only tangible benefit they receive from the state, hence the widespread disapproval.
Let us take a few moments and consider these points:
1. Senate President, David Mark earns N600 million annually, enough money to set up at least, 100 schools in his Benue State. 2. President Jonathan and his friends will eat N1 billion worth of food in 2012, while fuelling their cars for N1.7 billion. This amount will build at least, 50 good health care centres in the South-South3. N200 million was budgeted to water the gardens of the President in 2011. This is enough to educate 200 Nigerians through university education
This is more than a quest for economic rights, it a quest for justice. This is not about fuel subsidy, it is about the ruling class' war on the Nigerian masses. They cannot claim our country is broke when president Goodluck Jonathan continues to feed fat on N3 million worth of food everyday. They cannot claim to be broke when they increased the recurrent expenditure of the 2012 budget by another N92 billion. They cannot claim to be broke when the First Lady just spent N5billion furnishing an office. They cannot claim to be broke when in the whole budget is about their salaries and allowances.
BOTTOM LINE: Government seeks to impoverish us the more by removing fuel subsidy while they continue to waste money on their friends and families!"
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