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NBA Denounces Sudden Fuel Price Hike, Says It’s Unsustainable

Olatunbosun Obafemi
Last updated: September 6, 2024 4:45 am
Olatunbosun Obafemi
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Nigerian Bar Association (NBA)
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The Nigerian Bar Association (NBA) has strongly denounced the current increase in the pump price of fuel by the Nigerian National Petroleum Company Limited (NNPCL) from N617 to over N1000.

The NBA described the sudden price hike as harsh and unsustainable to Nigerians who are already being impoverished by the government.

A statement by the President of the NBA, Afam Osigwe (SAN) says abrupt hike has imposed an unbearable burden on the already overstretched finances of ordinary Nigerians.

Osigwe said, “The cascading effects of such a steep increase in fuel prices on the cost of living, transportation, and essential goods and services are deeply troubling.

“Many Nigerians are already grappling with inflation unemployment, and other forms of hardship, and this additional financial strain is simply unsustainable. If allowed to persist, this price hike will only deepen the poverty and hardship experienced by the citizens.”

While the NBA acknowledged the necessity of economic reforms and recognises the government’s responsibility to make difficult decisions, the association said these decisions must be made with the utmost consideration for their impact on the welfare of the citizens.

The NBA called on the Federal Government to immediately halt the implementation of the policy and engage in meaningful dialogue with all relevant stakeholders, including civil society organizations, labour unions, and economic experts, to explore more sustainable and less punitive alternatives.

It also urged the government to prioritize the welfare of its citizens, particularly the most vulnerable, and to pursue policies that alleviate rather than exacerbate the hardships faced by the Nigerian people.

To NBA, it remains steadfast in its commitment to upholding the rule of law and will continue to advocate for the rights and well-being of all Nigerians. We stand ready to engage constructively with the government to find a more equitable solution that ensures economic stability while safeguarding the interests of all Nigerians.

TAGGED:denouncefuel hikefuel priceNBAunbearableunsustainable
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ByOlatunbosun Obafemi
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Bosun Obafemi is a seasoned journalist and editor for national daily news publication outfits.
Previous Article Presidency Berates NLC President, Accuses Him Of Playing Dirty Politics On Fuel Price Hike
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