Outrage as high cost of petrol, scarcity push businesses to brink — Nigeria — The Guardian Nigeria News – Nigeria and World News

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• TUC, PDP reject fuel price increment, assault on citizens
• ‘Increase has pushed Nigerians to precipice, challenged them to react’
• MAN, LCCI, others warn of looming job loses
• ASBON: Hike is final nail in coffin of businesses already on life support

Business owners, analysts, and ordinary citizens across Nigeria expressed anger yesterday over the ongoing petrol scarcity and the sharp increase in fuel prices.

They also criticised the government for its lack of empathy and disregard for the well-being of its citizens.

The outcry followed the adjustment of petrol pump price by the Nigerian National Petroleum Company Limited (NNPCL) in many states with prices varying from N855 per litre ot over N900 a litre.

Reacting, the Trade Union Congress (TUC) said the increase will push more people into poverty and significantly impact the country’s social and economic life.

It said: “The timing and magnitude of these…



Source: Guardian Newspaper