By Kingston Magare
President Bola Tinubu has been called upon to urgently address the nation’s dwindling economic fortunes and the resultant hardship faced by Nigerians.
The National Association of Nigerian Students made the call in a statement made available to the media Monday. The statement signed by NANS national president, Okunomo Adewumi, the students threatened to join the Nigerian masses in the planned August 1 protests in face of skyrocketing cost of living.
“The relentless increase in fuel prices has triggered a chain reaction of inflation, rendering basic necessities unaffordable for the average Nigerian. This has resulted in unprecedented suffering, with many struggling to survive,” said the NANS statement.
“While we acknowledge President Tinubu’s efforts to revitalize the economy through his “Renew Hope” agenda, we implore him to adopt a more comprehensive approach to tackle the economic crisis.
“We urge him to convene an emergency economic summit, bringing together all relevant stakeholders and agencies to brainstorm innovative solutions to this quagmire.
“The astronomical fuel prices have far-reaching consequences, including escalated transportation costs, skyrocketing food prices, and reduced purchasing power. This has led to a significant decline in the standard of living of Nigerians, with many unable to afford basic necessities. The cumulative effect is a nation plagued by poverty, hunger, and desperation.”
“We urge President Tinubu to take proactive measures to mitigate this crisis, ensure economic stability, and restore hope to the Nigerian people.
“We believe that with swift and decisive action, Nigeria can overcome these economic challenges and emerge stronger and more resilient. We stand in solidarity with the Nigerian people and pledge our support for any efforts aimed at revitalizing the economy and improving the lives of Nigerians.”
