The Coalition of South East Youth Leaders (COSEYL) has described the recent hike in electricity tariff and removal of fuel subsidy in the country by the federal government as most ill-timed.
This was contained in a press statement by the president-general and secretary-general of the COSEYL, Hon Goodluck Ibem and Comrade Canice Igwe respectively.
They noted what Nigerians were expecting from the government as they are gradually exiting from the consequences of the novel COVID-19, were economic measures that will cause some restoration in the system.
“The changes came when the nation is coming out of COVID-19 whose impact on the global economy is being felt everywhere; when purchasing power is declining and businesses going under as jobs are being lost,” the statement said.
The duo said it is very regrettable that when the members of the present administration were in opposition, they engaged the former administration in all forms of agitations to protest against such increases.
According to them, as it now stands, at the end of the day, it is the commoners who will suffer the hardships that both increases will lead to, while the political leaders will continue to feed fat on the economy.
“Many artisans, informal sectors, families, and micro industries who do not have access to electricity will be faced with paying their electricity bills and buying fuel at exorbitant price. Productivity and output will be greatly impacted by this.
“The increase will bring about increase in transportation cost that people, the final consumers, may not be able to transport themselves to markets to procure goods as many farmers will not access market,” they lamented.