Tinubu

Parents’ Association Begs Tinubu Over Fuel Price Hike

The National Parent Teacher Association of Nigeria (NAPTAN) has made an appeal to President Bola Tinubu, urging him to intervene and take necessary measures to prevent further and excessive increases in petrol prices.

Mr. Adeolu Ogunbanjo, National Deputy President of NAPTAN, informed the News Agency of Nigeria (NAN) that this appeal was made following an emergency meeting of the association in Lagos on Monday.

It should be noted that in his address to the nation in July, President Tinubu mentioned that the government was closely monitoring the impact of the exchange rate and inflation on gasoline prices and assured that intervention would be made if required.

The oil marketers have now projected an imminent price hike due to the depreciation of the naira against the dollar.

According to marketers, as long as the exchange rate between the naira and the dollar remains unfavorable, the price of fuel in the country will continue to rise.

In light of this, Ogunbanjo is calling upon the president to grant a concession rate on the dollar for petroleum imports.

“The removal of the petroleum subsidy, we agree, aligns with it. However, unifying the naira at the same time is what is causing the hardship because anytime the dollar rises, fuel imports rise.

“It is upon this development that we are pleading and seeking for the intervention of our dear president to consider a concessionary rate for fuel importers.

“About 60 percent are parents; September is around the corner when school fees will be paid, so the Nigerian parents are crying, begging, and kneeling for Mr. President to hear us.

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“He should do everything possible to stabilize the fuel price and make the current pump price not higher than what we are buying now, as anything contrary will increase hardship,” he added.

Olusola Sorinmade

Skilled and dedicated blogger with over two years experience. I publish posts on news, politics, entertainment, sports, trending gist within Nigeria and beyond. You can reach me at olusolaalexjoseph@gmail.com

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