Yoruba Youth Socio-cultural Association Worldwide (YYSA), Ogun State Chapter led by Comrade Farouk Olaotan Shitta has told off the Federal Government of Nigeria over recent increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol from N143 per litre to N151, uncontrolled price of essential commodities and electricity tarriff hike from N30.23 per kwh to over N66.

Speaking at a press conference on Thursday, Osogbo, the State capital Comrade Shitta chided the Federal Government over the increments, stressing that “it was shocking and insensitive to increase PMS Pump price, essential commodities prices and electricity tarriff at this critical time of the country in the face of current economic realities confronting Nigerians over COVID 19 pandemic lockdown”, insisting that “Nigerians would not tolerate such extortive tendencies of the Buhari led administration.

“It is disheartening that the increase in cost of essential commodities came at a time leadership of other countries are giving palliatives to their citizens to cushion the effect of the COVID-19 pandemic.

“In deed, the increase will adversely result in the upsurge in costs of goods and services, and worsen the already biting hardship faced by the masses.

“The pump price when increased from N87 to N145, Nigerians out of faith moved on with their lawful activities despite the pains, yet Federal Government of Nigeria, instead of providing succour, now skyrocketed the price to N151, although it’s being sold to Nigerians at N157 to N160 at filling stations at the same time with the hike in electricity tariff from N30.23 per kwh to over N66 and essential commodities prices respectively”, the Yoruba youth group bemoaned.

He added: “YYSA Ogun State Chapter, an incorporated Yoruba Youth led organization and recognize by law demands open investigation into allegations of fraudulent subsidy which trillions of tax payers money went down the drain on.

“We unequivocally seek immediate reversal of the price of petroleum, essential commodities prices and electricity tarriffs while charging Federal Government of Nigeria to fix our national oil refineries, deregulate the oil sector, distribute freely prepaid meters to all homes to enable Nigerians pay for consumption of electricity only and invest massively cum aggressively in agriculture and other essential commodities.

“Nigerians are just coming out of an unprepared lockdown and have not recoup their losses, hence, we need more palliative measures to boost the economy, not an untold hardship”, the group demanded.

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