Breaking: Petrol Price Increase Will Push More Nigerians Into Poverty, Abdulsalami Declares
- General Abdulsalami Abubakar (Rtd) has warned the Muhammadu Buhari administration against an increase in the pump price of fuel
- The former Nigerian head of state said that increasing the fuel price will push many Nigerians into poverty
- Recall that the National Economic Council (NEC) that pump price should be pegged at N302 per litre
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In a message that will gladden the heart of many Nigerians, General Abdulsalami Abubakar (Rtd), a former head of state, has warned the federal government of Nigeria against an increase in the pump price of fuel.
This follows the recent recommendation by the National Economic Council (NEC) in which the FG was asked to peg pump price at N302 per litre.
Source: Twitter
The former leader who warned against such a move disclosed this at the 19th Daily Trust Dialogue in Abuja.
He said:
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“Insecurity in the country is worsened by our dear economic situation. Unemployment and underemployment remain at the high level. Over 18 million Nigerians are still caught up in needless poverty. All of these tend to have negative effects on security. In fact, Nigeria now faces a full security crisis that is confounded by the COVID-19 global pandemic and the banditry in many states in Northern Nigeria.
“Most of these have disrupted the final value change across the country and negatively impacted the ability of Nigeria to produce, process, and distribute.
“There is a continuous rise in the prices of food items beyond the reach of many Nigerians. On top of all these, fuel prices are expected to rise significantly in the coming months as announced last November. We all know that when this happens, it will push many millions of Nigerians into poverty.”
Governor Uzodimma speaks on petrol price increase
Addressing the rising prices and scarcity of petroleum products in the state, Governor Uzodimma in a Facebook post urged petroleum marketers in the state to immediately revert to the normal price.
Legit.ng gathered that the state government had set up a task force that would go round, identify and seal all filling stations selling above the normal price and make them face the full weight of the law.
According to him, any filling station selling the products in the black market will not only be sealed but also have their licenses revoked.
Cooking Gas: NNPC give reasons for hike in price, proffers solution
Many Nigerian households find it difficult to cope with the nearly every day increase in the price of cooking gas across the country. This, undoubtedly, aggravates the problem associated with the hike in food prices.
While speaking on the cause of the hike in the price of cooking gas, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the challenges in sourcing an adequate supply of cooking gas has led to the increase in prices of the commodity.
Legit.ng gathered that Kyari disclosed this during a working visit to the headquarters of the Department of Petroleum Resources (DPR) in Abuja on Tuesday, September 7.
Source: Legit.ng
