The pan-Yoruba socio-cultural organization, Afenifere, has called on the federal government to reverse the recent fuel price increase announced by the Nigerian National Petroleum Corporation Limited.
The organization stated that the timing is wrong, considering the current socio-economic challenges faced by Nigerians.
Afenifere questioned the rationale behind the price hike, especially when the NNPCL recently declared a profit of N3.3 trillion.
The organization urged the government to order the reversal of the price increase to avoid exacerbating the hardships faced by citizens, according to Daily Post.
Recall that Minister of State for Petroleum Resources, Heineken Lokpobiri, had earlier denied authorizing the price hike, and Afenifere is calling on the government to take immediate action to reverse the increase.
The organization fears that failure to do so may undermine President Bola Tinubu’s assurances that the citizens’ suffering will soon end.
“It is therefore the wrong time to come up with any policy that will increase the undesirable challenges Nigerians are going through presently.
“Failure by the NNPCL to reverse the latest increment in fuel price will rub off negatively on some policies of the Tinubu administration to ease things for the citizens. Policies such as the Student Loan Scheme and Consumer Credit Scheme that are just taking off.”
