Tuesday, January 10, 2012

petrol protests

Protests all over Nigeria are against poverty. The new price of petrol gives a platform for the protest. Millions of Nigerians are managing to survive, in a situation easily blamed on the global economic crisis, but conveniently ignores the fact that poverty thrived in Nigeria when the global economy boomed.

With a minimum wage of N18, 000 (about $109) monthly, a Nigerian who spends all his salary on petrol will purchase about 124 litres of petrol. If he lives where it sells at N200 per litre, he can buy only 90 litres. Yet N18, 000 (N600 daily) is not enough for the Nigerian to generate his electricity needs, assuming that is all his monthly salary does. Maybe electricity is a luxury the poor should shun hence government refuses to provide it. Things are worse since millions of Nigerians are unemployed and there is no social security system. Those earning the minimum wage represent less than one per cent of the population.

Nigerians are too poor to bear additional burdens.


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