Fuel Price Increase Will Increase Hardship For Nigerians – NASU - THE ENCOUNTER NEWS

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Tuesday, July 14, 2020

Fuel Price Increase Will Increase Hardship For Nigerians – NASU


ABUJA - The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has kicked against the recent hike in the price of petrol from N123 per litre to N143.80 per litre, urging the federal government to reverse the decision in the interest of poor Nigerians.


The union in a statement by its general secretary, Comrade Prince Peters A. Adeyemi said the increase is going to exacerbate the already precarious economic situation of workers and the downtrodden in the society.


Adeyemi said the increase cannot be justified especially at this time, stressing that NASU sees it as an extortion of the downtrodden masses of this country in favour of market forces.


“It is not only unjust but insensitive. The action has added to the hardship of workers and ordinary Nigerians. We therefore call for an immediate reversal by government,” he said.


He said the increase is coming at a time when most workers are still struggling and have not yet found their feet financially after most of them have lost incomes and continue to lose incomes and jobs as a result of the COVID-19 pandemic.


He said, “Most workers are months back in the payment of their rents and other loans. We will not fail to state our conviction that all these ‘abracadabra’ going on with the price of petroleum products, have to do with World Bank conditionality for granting loans to the Federal Government. 


The Bank has never been quiet about its desire to see that the Federal Government stops the so-called subsidy on petroleum products.

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