Fuel, Electricity Hike: Oyo Lawmaker, Dele Adeola Flays FG, Says Hike Ill-timed

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The honourable member representing Iseyin/Itesiwaju State Constituency has berated the decision of Federal Government to increase fuel price and electricity tariff at the same time.

This was contained in a statement signed and released today by his Media Aide.

Dele Adeola likened the decision of Federal Government as an attempt to further subject the masses to economic strangulation especially at a time the general populace have been subjected to untold hardship and severe pains occasioned by the ravaging COVID-19 pandemic.

In his words, Dele said, the recent decision of Federal Government to hike the fuel price and electricity tarrif is ill-timed and ill- conceived and if care is not taken masses may be finally pushed to the walls.

“At a time most economies globally are embarking on expansionary fiscal policies by providing economic stimulus and palliatives for the people to ameliorate their sufferings, it is very sad and totally uncalled for that what the Federal Government could give to Nigerians as a palliative is unjustifiable increment in both fuel price and electricity tariff at the same time.

” I am very concerned about the adverse economic effects that this recent decision will have on the people I represent as this will further compound more on the hardship currently being faced during this trying time.

“All indices have pointed to the fact that the economy is not fairing well and if we would not deceive ourselves, the best government should do at this trying time is to embark on aggressive fiscal spendings that will boost the purchasing power of the masses not to further depress their purchasing strength.

“There is no gainsaying in the fact that the people at the lesser cities will bear the great economic consequences of this ill-thought policy particularly the farmers whose economic activities have been severely hit by the COVID-19 pandemic without adequate palliatives from the government.

“It is on this note, I call on the Federal Government to factor in the plights of the commoners into the policy so as not to subject the entire populace to untold hardship”.

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