In recent months, the removal of fuel subsidies has caused a sharp increase in transport fares and food prices across the country. Many Nigerians have found it difficult to cope with the rising cost of living, leading to protests and demands for urgent solutions from the government.
To address these issues, the FG and Labour have worked together to come up with a plan that would help stabilize prices and bring relief to citizens. The agreement covers several areas aimed at tackling the immediate challenges faced by Nigerians.
The government has committed to providing affordable transportation options by introducing mass transit systems. This includes rolling out buses that use compressed natural gas (CNG), which is cheaper than petrol or diesel. These buses will be available in major cities to help lower the cost of commuting for many Nigerians.
The government and Labour have agreed to support farmers with subsidies to encourage more food production. By providing cheaper fertilizers, seeds, and equipment, it is hoped that food prices will gradually come down as the supply of essential items like rice, maize, and vegetables increases.
To ensure that the benefits of these measures reach the people, both parties have agreed to monitor prices in markets. Special committees will be set up to ensure traders and transport operators do not take advantage of the situation to raise prices unnecessarily.
The government also plans to provide additional support for workers, including financial assistance to cushion the effects of the high cost of living. This may include cash transfers, affordable loans, and food relief packages for the most vulnerable.CONTINUE FULL READING>>>>>
