The President of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Olusoji Oluwole, has sounded an alarm over the recent fuel price hikes in Nigeria, stating that the situation is pushing Nigerians to their limits.
Expressing deep concern, Oluwole said: “The sudden increase in petrol pump prices is shocking and highly insensitive.
“This is especially concerning when a government that has spent over a year negotiating a poor minimum wage, which has yet to be implemented, is quick to repeatedly raise fuel prices.”
He added that such actions could lead to widespread unrest if not carefully reconsidered:
“This action is capable of creating an avoidable crisis that can lead to anarchy if not well thought out.
“Nigerians are angry and are being pushed to a point that even organized pressure groups will be unable to stem any reactions.”
The price hikes, which have seen petrol prices soar to N1,030 per litre in some regions, have further strained an already embattled populace, with many struggling under rising living costs and stagnant wages.
The escalating discontent among citizens raises concerns about potential social unrest.