The Resource Centre for Human Rights and Civic Education (CHRICED) has strongly condemned the Nigerian government’s decision to increase fuel prices.
A statement signed by the group’s Executive Director Ibrahim Zikirullahi cites the devastating impact of the hike on the country’s already struggling citizens.
CHRICED says the latest price hike marks a staggering 430% increase since President Tinubu took office in May 2023, exacerbating the economic turmoil faced by millions of Nigerians. CHRICED argues that the government’s economic reforms, influenced by the World Bank and IMF, prioritize international interests over citizens’ welfare.
“The rising cost of living, coupled with stagnant wages, has created an environment of despair and frustration among the people,” CHRICED stated. The organization criticized the government’s lack of a clear roadmap for economic recovery, leaving citizens feeling abandoned and disillusioned.
Key Concerns:
- Ineffective Governance: The Nigerian National Petroleum Company (NNPC) has invested billions in refinery rehabilitation, yet none of the four inactive refineries are operational.
- Corruption and Mismanagement: The government’s allocation of $25 billion for refinery maintenance has yielded little results, raising questions about transparency and accountability.
- Widening Wealth Gap: The administration’s indifference to growing discontent among citizens has led to a pronounced gap between the living standards of politicians and the general populace.
CHRICED urges the government to take immediate action to address the economic crisis, prioritize citizens’ needs, and implement a thorough and inclusive economic strategy.
“The era of empty promises and superficial reforms must come to an end,” CHRICED emphasized. “What is now required is a steadfast commitment to meaningful change that will restore hope and dignity to the lives of the people.”
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