April 24, 2024

Pathfinder News

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Nigeria: Petrol Price Increase Will Increase Poverty-Abdulsalami

A former head of state, General Abdulsalami Abubakar (Rtd), has warned the federal government against an increase in the pump price of fuel. This follows the recent recommendation by the National Economic Council (NEC) in which the FG was asked to peg pump price at N302 per litre. He said: “Insecurity in the country is worsened by our dire economic situation. Unemployment and underemployment remain at the high level. Over 18 million Nigerians are still caught up in needless poverty. All of these tend to have negative effects on security. In fact, Nigeria now faces a full security crisis that is confounded by the COVID-19 global pandemic and the banditry in many states in Northern Nigeria.”