A member of the House of Representatives, Teejay Yusuf has decried the
recent increase in the pump price of premium motor spirit (PMS) by the
The Peoples Democratic Party (PDP) lawmaker representing
Kabba-Bunu/Ijumu federal constituency of Kogi State, in a statement
made available to LEADERSHIP yesterday in Abuja, argued that the new
price regime and electricity tariff would further increase the woes of
Recall that on 1 September, 2020, the distribution companies announced
an increase in electricity tariff in their areas of coverage.
The Petroleum Pricing Marketing Company (PPMC) also increased the
depot price of petrol from N138 to NN151.56 per litre, triggering
marketers to increase pump price from N148 to N162 per litre.
Yusuf said that Nigerian youths remained the hardest hit by
unemployment with over 13.9 million people aged between 15 and 34
He said that ahead of the independence anniversary the government gift
millions of Nigerians increase in fuel price.
“With the simultaneous hike in the prices of fuel and electricity, the
woes of millions of Nigerians have been further compounded instead
of celebrating Nigeria’s 60th independence anniversary in few weeks,’’