{"id":337787,"date":"2024-09-07T14:44:31","date_gmt":"2024-09-07T13:44:31","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=337787"},"modified":"2024-09-07T14:44:31","modified_gmt":"2024-09-07T13:44:31","slug":"nim-urges-fg-to-ease-economic-hardship-caused-by-petrol-price-hike","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/09\/07\/nim-urges-fg-to-ease-economic-hardship-caused-by-petrol-price-hike\/","title":{"rendered":"NIM urges FG to ease economic hardship caused by petrol price hike"},"content":{"rendered":"<ul>\n<li><strong>Atako said that it was important to mitigate the harsh effects of the latest increase in the price of fuel on both the economy and Nigerians.<\/strong><\/li>\n<li><b>She said that the long fuel queues that resurfaced in various cities had attendant consequences on Nigerians whose cost of living was shrinking by the day.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p>The Nigerian Institute of Management (NIM) has urged the federal government to take immediate action to ease the economic burden caused by the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/09\/03\/breaking-nnpc-raises-petrol-price-to-n897-per-litre\/\"><strong>recent fuel price increase.<\/strong><\/a><\/p>\n<p>According to a statement issued by the institute&#8217;s registrar, Mrs. Taiwo Olusesi, in Lagos on Saturday, NIM President Dr. Christiana Atako emphasized the need to soften the blow of the fuel price hike on both the economy and citizens.<\/p>\n<p>Atako noted that the reappearance of fuel queues in various cities had devastating consequences for Nigerians, who were already struggling with rising living costs.<\/p>\n<p>The statement expressed support for the federal government&#8217;s efforts to revitalize the economy but emphasized the need for a more compassionate approach to economic policy-making.<\/p>\n<p>Atako called on the federal government to prioritize citizens&#8217; well-being by addressing fuel scarcity, hunger, and other economic challenges through proactive measures.<\/p>\n<p>While acknowledging the difficulties caused by the fuel subsidy removal, Atako recognized it as a necessary step towards economic stability, which would help reduce resource mismanagement and corruption in the oil sector.<\/p>\n<p>She stressed the need for the federal government to implement measures to minimize the impact of the subsidy removal on the masses.<\/p>\n<p>Atako suggested measures such as providing support for those most affected, increasing government investment in agriculture, public transportation, and youth employment programs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Atako said that it was important to mitigate the harsh effects of the latest increase in the price of fuel on both the economy and Nigerians. She said that the long fuel queues that resurfaced in various cities had attendant consequences on Nigerians whose cost of living was shrinking by the day. The Nigerian Institute [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":2320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[1],"tags":[25968,371,82947,82946,82828],"class_list":["post-337787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-economic-hardship","tag-fg","tag-nim","tag-nim-urges-fg-to-ease-economic-hardship-caused-by-petrol-price-hike","tag-petrol-price-hike"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NIM urges FG to ease economic hardship caused by petrol price hike<\/title>\n<meta name=\"description\" content=\"The Nigerian Institute of Management (NIM) has urged the federal government to take immediate action to ease the economic burden caused by the recent fuel price increase.\" \/>\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\/2024\/09\/07\/nim-urges-fg-to-ease-economic-hardship-caused-by-petrol-price-hike\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIM urges FG to ease economic hardship caused by petrol price hike\" \/>\n<meta property=\"og:description\" content=\"Atako said that it was important to mitigate the harsh effects of the latest increase in the price of fuel on both the economy and Nigerians. She said\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2024\/09\/07\/nim-urges-fg-to-ease-economic-hardship-caused-by-petrol-price-hike\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-07T13:44:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/03\/ify-davies\/2021\/03\/02\/fuel-scarcity-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"W.N YEMI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:site\" 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