The leadership of the Nigerian Bar Association (NBA) on Wednesday decried the recent increase in the pump price of fuel by the Nigerian National Petroleum Company Limited (NNPCL), stating that it has further imposed an unbearable burden on the already overstretched finances of ordinary Nigerians and has aggravated the economic challenges faced by millions across the country.
NBA President, Mazi Afam Osigwe (SAN), expressed the association’s profound concern and strong condemnation of the action in a statement posted on his X handle. He noted that the price of fuel had risen sharply from 617 Naira to about 900 Naira.
According to him, “This significant and abrupt hike has imposed an unbearable burden on the already overstretched finances of ordinary Nigerians, further aggravating the economic challenges faced by millions across the country.”
He stated that the cascading effects of such a steep increase in fuel prices on the cost of living, transportation, and essential goods and services are deeply troubling. He added that many Nigerians are already grappling with inflation, unemployment, and other forms of hardship, and this additional financial strain is simply unsustainable.
“If allowed to persist, this price hike will only deepen the poverty and hardship experienced by the citizens. While the NBA acknowledges the necessity of economic reforms and recognizes the government’s responsibility to make difficult decisions, these decisions must be made with the utmost consideration for their impact on the welfare of the citizens. The NBA views this sudden price hike as not only harsh but also unjustified at this time.”
In light of this, the Nigerian Bar Association calls 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.
“We urge 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.”
“The NBA remains steadfast in its commitment to upholding the rule of law and will continue to advocate for the rights and well-being of all Nigerians. We stand ready to engage constructively with the government to find a more equitable solution that ensures economic stability while safeguarding the interests of all Nigerians,” he concluded.