ECONOMY
NANS demands reversal of fuel hike
The National Association of Nigerian Students (NANS) has called on the Federal Government to reverse the new petrol pump price, as things are no longer bearable for Nigerians.
National President of the association, Lucky Emonefe, made the call in an interview with our reporter on Wednesday in Abuja.
It was reported that NNPC Ltd. Retail Management on Tuesday approved upward review of petrol pump price from N568 -N617 per litre to N855 – N897 per litre, depending on location of their stations.
Checks by our reporter revealed that the NNPC retail stations adjusted their pumps and totems (price boards), reflecting the new price of N897 as against N617 per lite in the FCT.
The independent marketers had also adjusted their pumps, as they were now selling between N930 and N1,200.
“We appeal to the government to rescind its decision because it will get to a time people can no longer bear the sufferings.
“The national protest that took place in August, we decided not to come out and be part of it, because we hoped that things will get better.
“If things do not get better, we will have no choice but to mobilise our members to join protest, if it erupts,” he said.
Emonefe added: “Government must come out and tell us what is responsible for this recent hike. We need to know.
“If the government cannot help the situation, then we should go back to the subsidy regime.”
The NANS president said the fuel hike would further worsen the high cost of living in the country, if it was not promptly addressed by the government.