The National Association of Nigerian Students (NANS) has called on President Bola Tinubu to take immediate and effective steps to resolve Nigeria’s deepening economic issues. The association highlighted the urgent need for action to alleviate the severe impacts of rising fuel prices and inflation on the population.
In a statement issued by NANS Senate President Okunomo Adewumi, the student body expressed grave concerns over the current economic downturn, which has plunged many Nigerians into poverty and hardship. The statement, released on Monday and obtained by PUNCH Online, emphasizes the urgent need for President Tinubu to address these economic challenges head-on.
“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,” the statement reads.
NANS acknowledged President Tinubu’s “Renew Hope” agenda aimed at revitalizing the economy but urged a more comprehensive approach to tackling the crisis. The student body suggested that the President convene an emergency economic summit, bringing together relevant stakeholders and agencies to brainstorm innovative solutions to the economic 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,” the statement continued.
NANS warned that if the situation remains unaddressed, it could lead to widespread protests and social unrest, potentially destabilizing the nation. They called for proactive measures to mitigate the crisis, ensure economic stability, and restore hope to the Nigerian people.
“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,” the statement concluded.
