**Fatshimerie, Your Reliable Source of Information**
The recent debate over the increase in the price of petrol in Nigeria has sparked strong reactions among the population. Nigerians are expressing concern over the rise in the cost of living brought about by the controversial measure.
Dahiru Garba, a renowned economic expert, points out that the increase from N897 to N1,030 per litre is likely to push more Nigerians into poverty. He insists that the sharp hike will have a significant impact on the private sector, trade and the already vulnerable Nigerian masses.
According to him, without adequate government interventions, the economic and social repercussions of the price hike will be severe and long-lasting, pushing more people into poverty. He predicts increased transport costs, rising food prices, business challenges and rising inflation.
He called on the federal government to take these implications into account and put in place measures to mitigate the impact of the hike. Suggestions include targeted incentives to promote energy efficiency, cutting unnecessary expenditure and reducing governance costs.
Mary Chatta, a retired widow, complains about the rising cost of living. With unemployed children dependent on her meager pension, she struggles to meet her needs. The high cost of food and rent leaves her uncertain about her survival.
On her part, Oyiza Malik, a frozen food trader, says the increase in petrol prices has added to her transportation costs. She is struggling to balance her budget and expresses frustration at the difficult situation she is facing.
Emeka Uzor, a taxi driver, says the price hike has wiped out his meager savings, making his business unprofitable. He laments the dissatisfaction of passengers over the high fares, but feels compelled to implement these fares to meet the cost of petrol.
In sum, the recent increase in the price of petrol in Nigeria has had a profound impact on the population, particularly on the low-income earners. It is imperative that the authorities take appropriate measures to mitigate the impact of this increase on the most vulnerable in order to avoid a worsening of the country’s economic situation.