x

Parents’ Association Appeals to Bola Tinubu to Prevent Further Fuel Price Hike

By Daniel Edu

The National Parent Teacher Association of Nigeria (NAPTAN) has implored President Bola Tinubu to intervene and take necessary actions to prevent a significant increase in petrol prices.

Mr. Adeolu Ogunbanjo, NAPTAN’s National Deputy President, conveyed the association’s appeal following an emergency meeting in Lagos. The move is in response to concerns about the potential escalation of petrol prices, which could exacerbate economic hardships for Nigerian parents.

Tinubu had earlier addressed the nation in July, stating that the government was closely monitoring the impact of exchange rates and inflation on gasoline prices. He pledged to intervene if deemed necessary.

Oil marketers recently predicted an imminent rise in fuel prices due to the depreciation of the naira against the dollar. According to these marketers, as long as the dollar continues to strengthen against the naira in the foreign exchange market, fuel prices in Nigeria are likely to keep increasing.

To address this, Ogunbanjo urged the president to provide a concessionary exchange rate for petroleum importers. This action, he believes, could create a favorable environment that maintains the current fuel price in the country.

Ogunbanjo emphasized that while the removal of petroleum subsidies aligns with their understanding, the simultaneous unification of the naira’s exchange rate is contributing to the economic hardship. The call for a concession rate on the dollar to benefit fuel importers is driven by the need to alleviate the financial burden on parents, especially with the upcoming payment of school fees in September.

The association expressed their plea to Tinubu to stabilize fuel prices and maintain the current pump price to prevent additional hardships for Nigerian families.

Hot this week

D-CARES Implementation Applauded at NG-CARES South-South Review Meeting

By Anne Azuka Governor Sheriff Oborevwori has commended the World...

TSG Promoting Good Governance and Quality Leadership – Group

By Jabiru Hassan, Kano The Tinubu Support Group (TSG) has...

Sokoto Advancement Forum Seeks Partnership with Police on Security

By Muhammad Ibrahim, Sokoto A delegation from the Sokoto Advancement...

9th NYG: Athletes Ready as Track Events Kick Off in Asaba

By Anne Azuka Athletics events at the ongoing 9th National...

CACOL Commends Imo Governor for Increasing Minimum Wage

By Jabiru Hassan The Centre for Anti-Corruption and Open Leadership...

Gov Mutfwang Distributes Nutrient Supplements to Tackle Child Malnutrition in Plateau

By Israel Adamu, Jos The Plateau State Government, in collaboration...

We Are Facing Series of Challenges in the Institution — Prof. Bashir Garba

By Muhammad Ibrahim, Sokoto The Vice-Chancellor of Usman Danfodio University,...

KADSG Warns El-Rufai Against Alleged Plot to Destabilize Peace

By Achadu Gabriel, Kaduna The Kaduna State Government (KADSG) has...

Insecurity: Leave North-Central out of your propaganda, lies – APC Forum knocks El-Rufai

By Israel Adamu, Jos The North-Central All Progressives Congress (APC)...

UDUS Graduates Over 4,000 Students at 42nd Convocation

By Muhammad Ibrahim, Sokoto Usmanu Danfodiyo University, Sokoto (UDUS) has...

FG Tasks Agency Chiefs on 100% Performance in 2025

By Francis Wilfred The Minister of Interior, Dr. Olubunmi Tunji-Ojo,...

Alleged Blasphemy: Woman Lynched, Burnt to Death in Niger Community

By Achadu Gabriel, Kaduna A restaurant operator identified as Amaye...

9th NYG: Athletes Ready as Track Events Kick Off in Asaba

By Anne Azuka Athletics events at the ongoing 9th National...
spot_img

Related Articles

Popular Categories

spot_imgspot_img