Manufacturers Fear Shutdowns, Job Losses As Diesel Price Hits N950/litre

UPDATE: Northern Youths Tackle FG Over Plan To Remove Fuel Subsidy

by Victor Ndubuisi
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The Northern Youth Council of Nigeria (NYCN) has warned against the Federal Government’s proposal to eliminate fuel subsidies.

The Council’s President, Isa Abubakar, underlined the group’s opposition to the anticipated withdrawal of fuel subsidies in June in a statement issued in Kaduna on Thursday.

The group warned that the anticipated withdrawal of fuel subsidies would have a disastrous impact on the already suffering economy and the Nigerian people, and that such a move would be opposed.

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It also voiced concern that any palliative measures put in place to mitigate the impact of subsidy removal will be plundered by dishonest persons, as the COVID-19 intervention funds had been.

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As a result, the group urged the Nigerian government to reconsider its decision to eliminate the subsidy, claiming that doing so will merely increase the cost of living for the typical Nigerian, who is already struggling to make ends meet.

They also urged the government to focus on policies that would create jobs and stimulate economic growth, warning that anyone who conspired to plunge Nigerians into an avoidable crisis would face serious political consequences.

The statement added: “We cannot afford to have another round of hardship inflicted on the Nigerian people, especially the youth who are already grappling with high unemployment rates and a lack of opportunities.

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“They should remember how some powerful governors were humiliated in the recently concluded election and understand that power now rests on the thumbs of Nigerians. Nigerians won’t forget.

“The Northern Youth Council of Nigeria vowed to resist any attempt to remove the fuel subsidy and call on other youth organisations across the country to join in the fight to protect the interests of the Nigerian people.”

 

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