•Hon. Chinda
The Minority Caucus of the House of Representatives has strongly criticised the recent decision by the Nigerian National Petroleum Corporation (NNPC) to increase petrol prices, describing the move as “ill-timed” and “insensitive” to the prevailing economic hardships facing Nigerians.
In a statement issued today, the Minority Leader of the House of Representatives, Hon. OK Chinda, expressed deep concern over the impact of the petrol price hike, warning that it would further compound the already deteriorating economic conditions, which include rising inflation, high unemployment, and a weakening Naira.
“The ripple effects of this increase are far-reaching. It will drive up the cost of transportation, food, and other essential services, further eroding the purchasing power of ordinary Nigerians,” Hon. Chinda stated.
“At a time when millions of families are struggling to make ends meet, this decision is a recipe for increased poverty and social unrest.”
The Minority Caucus also lamented the lack of stakeholder engagement before the NNPC’s decision, accusing the government of bypassing the National Assembly and disregarding principles of transparency, accountability, and fairness.
“Such unilateral action not only undermines democratic processes but also fuels widespread discontent among Nigerians. As public representatives, we are deeply concerned about the potential for escalating protests and civil unrest, especially given the already tense social atmosphere in the country,” the Minority Leader added.
The Caucus called on President Bola Tinubu’s administration to urgently intervene and reverse the petrol price hike, noting that the worsening economic conditions, if not addressed, could lead to further instability.
“This government must recognize the link between poor economic conditions and social unrest. Instead of worsening the situation, there is a need for policies that provide immediate relief to citizens,” the statement read.
The Caucus further urged the government to prioritise long-term solutions to the country’s energy crisis, including the rehabilitation and upgrading of local refineries and addressing corruption within the petroleum sector.
The Minority Caucus reaffirmed its commitment to advocating for policies that prioritize the welfare of the Nigerian people, urging the government to listen to the cries of the masses and take swift action to alleviate their suffering.
“We stand with Nigerians in rejecting this increase, and we will continue to push for economic measures that lift our people out of hardship, not plunge them further into it,” Hon. Chinda concluded.
