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.
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.
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