The Minority caucus of the House of Reps. calls for immediate reversal of the recent increase in petrol prices, to reduce the masses suffering.....KINDLY READ THE FULL STORY HERE▶
The caucus in a statement on Thursday, said the unilateral action of increasing the price of Premium Motor Spirit disregards the principles of transparency, accountability, and fairness, which should guide decisions affecting the lives of the citizenry.
The statement by the Minority Leader, Kingsley Chinda titled “reverse petrol prices now” asked the President to immediately put in place urgent measures to address the connection between dire economic conditions and social unrest rather than create conditions that exacerbate the already dire economic conditions.
The statement reads: “At a time when the nation is grappling with unprecedented economic challenges, including rising inflation, unemployment, and the depreciating value of the Naira, any further increase in the price of petrol will only exacerbate the suffering of the average Nigerian.
“The ripple effects of such an increase are far-reaching, impacting the cost of transportation, food, and other essential goods and services. This will ultimately erode the already fragile purchasing power of millions of our citizens, pushing more families into poverty.
