By George Mgbeleke <\/p>\n
Alarmed at the rising cost living in country, a Coalition of South East Youth Leaders (COSEYL), the apex sociopolitical youth group in the South East geopolitical zone has expressed deep concern over the alarming increase in the prices of petrol, food items, goods, and essential services across Nigeria. <\/p>\n
In a statement signed by COSEYL President General, Comrade Goodluck Ibem and made available to Journalists on Tuesday, the group said the current economic situation in the country has placed unbearable hardship on millions of Nigerians who are already struggling to meet their daily needs.<\/p>\n
The statement reads in part, “In recent times, the price of petrol has reportedly risen from about \u20a6900 to as high as \u20a61500 per litre in several parts of the country. This sharp increase has triggered an astronomical rise in the cost of transportation, food, goods, and services.<\/p>\n
” Similarly, the prices of diesel and other petroleum products have also increased significantly, further worsening the economic pressure on businesses and households.<\/p>\n
“These developments have created a situation where the cost of living continues to rise daily, while the salaries and incomes of citizens remain largely static. Many Nigerians can no longer afford basic necessities such as food, transportation, and healthcare. Small businesses are also struggling to survive due to the high cost of energy and logistics.”<\/p>\n
COSEYL noted with serious concern that if urgent measures are not taken to address this situation, the economic hardship facing Nigerians may deepen further and lead to severe social consequences.<\/p>\n
“We therefore call on President Bola Ahmed Tinubu and the Federal Government to take immediate and decisive steps to alleviate the suffering of Nigerians. Such measures should include policies aimed at stabilizing the price of petroleum products, strengthening the value of the naira, supporting local production, and providing relief programs for citizens and small businesses.<\/p>\n
“We also urge the Federal Government to engage relevant stakeholders in developing sustainable solutions that will reduce the cost of living and restore hope to Nigerians.<\/p>\n
“Nigeria is blessed with abundant resources and hardworking citizens. What Nigerians need at this critical time is responsive leadership and practical economic policies that will ease the burden on the people.<\/p>\n
“The Coalition of South East Youth Leaders remains committed to promoting peace, unity, and constructive engagement in national development. We believe that with urgent intervention, the current economic challenges can be addressed for the benefit of all Nigerians,” it noted.<\/p>\n","protected":false},"excerpt":{"rendered":"
By George Mgbeleke Alarmed at the rising cost living in country, a Coalition of South East Youth Leaders (COSEYL), the apex sociopolitical youth group in the South East geopolitical zone has expressed deep concern over the alarming increase in the prices of petrol, food items, goods, and essential services across Nigeria. In a statement signed […]<\/p>\n","protected":false},"author":2,"featured_media":7734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6288,5829,2810],"class_list":["post-11929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-astronomical","tag-rise","tag-triggered"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/11929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=11929"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/11929\/revisions"}],"predecessor-version":[{"id":11930,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/11929\/revisions\/11930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/7734"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=11929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=11929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=11929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}