*Says Fuel Price Hike Unjustified, Unsustainable For Nigerians

The Nigerian Bar Association (NBA) has expressed its deep concern and strong condemnation over the recent sharp increase in the pump price of fuel by the Nigerian National Petroleum Company (NNPC).

The price has skyrocketed from 617 Naira to approximately 900 Naira, placing an unbearable burden on the already strained finances of ordinary Nigerians and exacerbating the economic challenges faced by millions across the country.

In a statement released by NBA President Mazi Afam Osigwe SAN, the association highlighted the cascading effects of such a steep increase in fuel prices on the cost of living, transportation, and essential goods and services. The NBA emphasized that many Nigerians are already grappling with inflation, unemployment, and other forms of hardship, and this additional financial strain is simply unsustainable. The association warned that if allowed to persist, this price hike will only deepen the poverty and hardship experienced by the citizens.

While acknowledging the necessity of economic reforms and recognizing the government’s responsibility to make difficult decisions, the NBA stressed that these decisions must be made with the utmost consideration for their impact on the welfare of the citizens. The association views this sudden price hike as not only harsh but also unjustified at this time.

The NBA called on the Federal Government to immediately halt the implementation of this policy and engage in meaningful dialogue with all relevant stakeholders, including civil society organizations, labor unions, and economic experts, to explore more sustainable and less punitive alternatives. The association urged the government to prioritize the welfare of its citizens, particularly the most vulnerable, and to pursue policies that alleviate rather than exacerbate the hardships faced by the Nigerian people.

President Osigwe reaffirmed the NBA’s commitment to upholding the rule of law and advocating for the rights and well-being of all Nigerians. The association expressed its readiness to engage constructively with the government to find a more equitable solution that ensures economic stability while safeguarding the interests of all Nigerians.