{"id":137312,"date":"2022-01-20T13:38:10","date_gmt":"2022-01-20T12:38:10","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=137312"},"modified":"2022-01-20T13:38:10","modified_gmt":"2022-01-20T12:38:10","slug":"increase-in-petrol-price-will-push-more-nigerians-into-poverty-abdulsalami","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/01\/20\/increase-in-petrol-price-will-push-more-nigerians-into-poverty-abdulsalami\/","title":{"rendered":"Increase in petrol price will push more Nigerians into poverty – Abdulsalami"},"content":{"rendered":"

Former head of state, Abdulsalami Abubakar has stated that an increase in the price of petrol will push more Nigerians into poverty.<\/p>\n

This was stated on Thursday by Abubakar at the 19th Daily Trust Dialogue in Abuja.<\/p>\n

Recall that there was a viral report which disclosed that\u00a0the federal government might increase the price of petrol to N302 per litre in February if the recommendation of the adhoc committee of the National Economic Council (NEC) was implemented.<\/p>\n

The recommendations were put forward by the NEC ad-hoc committee interfacing with the Nigerian National Petroleum Company (NNPC)<\/a> on the appropriate pricing of petrol in Nigeria.<\/p>\n

Earlier in October, Zainab Ahmed, minister of finance, budget and national planning, said the federal government would only cater for subsidy on petrol in the\u00a0first six months of 2022 as it planned to deregulate the downstream oil and gas sector.<\/p>\n

The announcement stirred up reactions among Nigerians, with the Nigeria Labour Congress (NLC) threatening to embark on strike if the federal government goes ahead with the proposed plan.<\/p>\n

Commenting on the development, Abubakar said: \u201cThe expected fuel price increment will push more Nigerians into poverty<\/a>.<\/p>\n

\u201cOver 80 million Nigerians are still cut off by poverty. Nigeria faces a food crisis worsened by the global COVID-19 pandemic.\u201d<\/p>\n

On the 2023 presidential election, the former head of state said regardless of the demands for zoning and challenges, Nigerians should unite and work together.<\/p>\n

\u201cNote that for the first time, southern governors are taking on their northern counterparts, each demanding the presidency to their regions,\u201d he said.<\/p>\n

\u201cThis election year calls for statesmanship and partnership to pull Nigeria out of the woods. Let us all remember that despite all the challenges and threats, Nigeria remains one. Our unity and large population are assets and strength.\u201d<\/p>\n

According to the National Bureau of Statistics (NBS) 2019 Poverty & Inequality in Nigeria, 82.9 million Nigerians are living in poverty.<\/p>\n

Also in 2021, the World Bank said an estimated 7 million Nigerians might have been pushed into poverty in 2020 owing to the high inflation rate.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former head of state, Abdulsalami Abubakar has stated that an increase in the price of petrol will push more Nigerians into poverty. This was stated on Thursday by Abubakar at the 19th Daily Trust Dialogue in Abuja. Recall that there was a viral report which disclosed that\u00a0the federal government might increase the price of petrol […]<\/p>\n","protected":false},"author":17,"featured_media":137322,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[10756,28044,11193,778],"class_list":["post-137312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-abdulsalami-abubakar","tag-daily-trust-dialogue","tag-national-economic-council-nec","tag-poverty"],"yoast_head":"\nIncrease in petrol price will push more Nigerians into poverty - Abdulsalami<\/title>\n<meta name=\"description\" content=\"Former head of state, Abdulsalami Abubakar has stated that an increase in the price of petrol will push more Nigerians into poverty.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/20\/increase-in-petrol-price-will-push-more-nigerians-into-poverty-abdulsalami\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increase in petrol price will push more Nigerians into poverty - Abdulsalami\" \/>\n<meta property=\"og:description\" content=\"Former head of state, Abdulsalami Abubakar has stated that an increase in the price of petrol will push more Nigerians into poverty. 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