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Monday, January 17, 2022

Fuel Price Hike: We are in Distress, Ondo Resident

The sudden increment in the price of petrol price on Wednesday came to residents of Ondo state particularly the six four local governments area as a surprise.
Many described it as a rude shock and additional burden to worsen their poor condition of living.
Top search Magazine reporter went to town to seek comments of some stakeholders on effect of the recent hike.
A transporter from  Ikare-Akoko, Mr Conway Ogunleye said the negative effects of the fuel hike will affect all the facets of the economy and widen the gap between the rich and the poor as transportation fares will be escalated.
An Erusu-Akoko businessman, Mr  Akin Oladeinde queried the rational behind the price change three times within a year.
He noted that time has come that Nigeria will no longer depend on oil to finance the budget.
Oladeinde said very serious high inflation is looming in the country because the hike would have vicious circle effects on the fragile economy.
An Ese, Akoko Northwest local government peasant farmer, Jacob Adekanbi, lamented that agricultural sector would have been alternative to replace oil as the backbone of Nigeria economy.
However, he expressed disgust that herdsmen and farmers clashes on invasion of farm products had brought negative effects.
According to Adekanbi, foodstuffs prices will be increased due to hike in transport fares.
A woman trader who usually travel to buy wares outside Ondo state, Mrs Eunice Akande from Arigidi-Akoko, lamented the recent fuel hike and described it as unpopular and unacceptable to the downtrodden.
According to her, the development will bring more hardship and escalate the already tensed situation.
She wondered why electricity tariff and the fuel will be increased at the detriment of the poor masses, whose economy had been  bastardised due to COVID-19 lockdown that lasted for many months thereby crippling the economy.
They were unanimous in calling on the National Assembly and Organised Labour to impress it on the Buhari-led Federal Government to reverse the decision in the interest of peace in the country.

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Email: editor@topsearchmagazine.com


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