URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Why British PM, Starmer Sacks Health Minister Over WhatsApp messages
    February 9, 2025
    Minister, APC Chair, Ganduje At Loggerhead Over Party State Chairmanship
    February 23, 2025
    Supreme Court Orders Pro-Wike Lawmakers To Resume, Stops CBN From Releasing Allocation To Rivers
    February 28, 2025
    Latest News
    There’s No Justification For Not Being In Peace With My Boss-Fubara
    May 30, 2025
    Concerns As Activists Fear Emergency Rule May Last Beyond Six Months
    May 28, 2025
    Obi , Atiku in Deep Blue Sea As Coalition Confused Over Choice of Candidate-Lere
    May 24, 2025
    US Ex- Ex-President Biden Diagnosed with Prostate Cancer
    May 19, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Fuel Price Hike, Reps Minority Caucus Rejects NNPCL’s Decision, Demand Reversal
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Discover > Fuel Price Hike, Reps Minority Caucus Rejects NNPCL’s Decision, Demand Reversal
DiscoverPolitics

Fuel Price Hike, Reps Minority Caucus Rejects NNPCL’s Decision, Demand Reversal

urbanexpresslive
Last updated: September 5, 2024 10:54 am
urbanexpresslive
Share
4 Min Read
SHARE

Olusegun Ariyo

The Minority Caucus of the House of Representatives has vehemently rejected the recent fuel price increase by the Nigerian National Petroleum Company Limited, NNPCL, warning the Federal Government to urgently reverse the increase.

Condemning the price hike, the caucus said the development was not only ill-timed but also grossly insensitive to the harsh economic conditions being experienced by Nigerians across the country.

A statement signed by the Minority Leader of the House of Representatives, Kingsley Chinda, early Thursday, warned the fuel price hike will ultimately erode the already fragile purchasing power of millions of citizens, pushing more families into poverty.

He noted that the decision came at a time when the nation was grappling with unprecedented economic challenges, including rising inflation, unemployment, and the depreciating value of the Naira, warning that any further increase in the price of petrol would only exacerbate the suffering of the average Nigerian.

The Minority leader said the caucus was deeply concerned that the decision by the NNPC appears to have been made without adequate consultation with relevant stakeholders, including the National Assembly, which represents the interests of the people.

The caucus also urged the federal government to explore and implement more sustainable measures to stabilize the economy without placing an additional burden on the people.

”The ripple effects of such an increase are far-reaching, impacting the cost of transportation, food, and other essential goods and services.

”This unilateral action disregards the principles of transparency, accountability and fairness, which should guide decisions affecting the lives of the citizenry.

”The current dire economic conditions, characterized by rising unemployment, soaring inflation, and widening inequality, have placed immense pressure on the livelihoods of citizens. These hardships have understandably triggered widespread protests, as people demand relief and accountability from those in power.

”The resulting unrest and chaos serve as stark reminders that economic instability can quickly escalate into broader social and political instability.

”While it is crucial for all stakeholders, including government, businesses, and civil society, to work collaboratively to address these economic challenges and restore stability before the situation deteriorates further, Tinubu’s government should as a matter of urgency address the connection between dire economic conditions and social unrest rather than create conditions that exacerbate the already dire economic conditions.

”Not doing so merely provides excuses for the army of youths who are jobless to return to occupy the streets and unleash violence on our country.

“This government must learn lessons from the destructive effects of the national protests against bad governance, triggered by depressing and excruciating economic conditions.

”We, therefore, call on the Federal Government to urgently intervene and reverse this unwarranted increase in petrol prices. We also urge the government to explore and implement more sustainable measures to stabilize the economy without placing an additional burden on the people.

“This includes prioritizing the rehabilitation and upgrading of our local refineries, curbing corruption within the petroleum sector, and ensuring that subsidies genuinely benefit the masses rather than a few privileged individuals.

”The Minority Caucus stands with the Nigerian people in rejecting this petrol price hike and will continue to advocate for policies that prioritize the welfare and well-being of all citizens.

“We urge the government to listen to the voice of the people and take immediate steps to alleviate their suffering, rather than aggravate it,” he stated.

You Might Also Like

Why N11.8bn Budgetary Proposal Is Inadequate for Livestock Ministry Take-off -NASS

Former INEC Chairman, Jega, Gets Tinubu’s Appointment  As Adviser of Livestock Reform

How Man Lands In Police Net After Trafficking Nigerian Girls To Libya

Ignoring African Continent Coming from Trump Remains What They Need-CBN Ex-Deputy Gov, Moghalu

Tinubu Approves Eight New Permanent Secretaries For Federal Civil Service

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article How Customs Intercepts Illicit Drugs, Military Camouflage In Rivers State
Next Article Hike In Pump Price: Be Ready For Social Unrest, TUC Warns FG
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

How UN-Habitat Assembly Concludes With Bold Roadmap Tackling Global Housing Crisis
Environment June 3, 2025
UCL: How Inter Milan Destroyed, Worst Defeat Ever-Cassano Blames Inzaghi
Urban Sports June 2, 2025
Transfer: Significant Two Will Be Next Ones’-Rio Ferdinand On Man United’s Next Signing After Cunha
Urban Sports June 2, 2025
Transfer: Why Rio Ferdinand Rejoices Over Man United’s First Summer Signing
Urban Sports June 2, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account