The Students Representative Council of Obafemi Awolowo University Students’ Union has condemned the economic hardship and insecurity ravaging the country.
The SRC in a statement released on the campus in Ile-Ife, sent to our correspondent on Sunday, urged the Federal Government to immediately tackle these challenges.
The harsh economic situation in the country has been taking a toll on Nigerians, especially since the removal of fuel subsidy by President Bola Tinubu upon his swearing-in on May 29, 2023, which saw the petrol pump prices rising from around N200 to over N600.
Also, the persistent fall of naira against dollar has brought about an attendant inflation on the cost of goods and services in the country with many Nigerians lamenting the hardship.
As a temporary response to the nation’s growing food crisis and the rising price of commodities, President Tinubu, on February 8, 2024, ordered the release of 102,000 metric tons of various grain types from the Strategic Reserve and the Rice Millers Association of Nigeria.
Source: Punch Newspaper