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CAN Decries Economic Distress Following Fuel Subsidy Removal

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Segun Adewole
New Update

The Christian Association of Nigeria (CAN) Calls for Action on Economic Crisis

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The Christian Association of Nigeria (CAN), representing the 19 Northern states and the Federal Capital Territory (FCT), has expressed profound distress over the dire economic consequences stemming from President Bola Tinubu's decision to abolish fuel subsidies on May 29, 2023.

CAN emphasizes the immense suffering endured by Nigerians, as the removal of the subsidy has triggered soaring prices of essential goods, transforming life in the country into "a living hell" for the impoverished masses.

(Read Also: Nigeria’s Exports to India Drop 61% in One Year)

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Plea to President and Governors

Northern CAN urgently called upon President Bola Tinubu and the governors of the 36 states to meet the expectations of Nigerians by addressing the prevailing economic and social crises plaguing the nation. President Tinubu's assertion of ending the subsidy era in his inaugural address on May 29 has left many Nigerians grappling with hunger and poverty.

Call for Economic Stabilization Measures

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In an 11-point communique issued at the end of a three-day quarterly meeting presided over by Chairman Rev. Yakubu Pam, CAN underscored the necessity of an all-inclusive government that ensures equitable distribution of development projects. The communique highlighted concerns about the free fall of the Naira to foreign currencies, threatening the nation's economy.

(Read Also: CAN Decries Economic Distress Following Fuel Subsidy Removal)

CAN acknowledged the government's efforts to provide palliatives following the subsidy removal but contends that these measures are not a sustainable solution to the widespread hardships faced by the populace.

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The prevailing economic crisis has resulted in mass poverty, business closures, and increased unemployment, pushing many young people towards criminal activities.

Concerns Over Security and Political Crisis

CAN commended the security agencies for their efforts in combating insurgency and banditry but warns that the battle is far from over. Bandits continue to terrorize communities, especially in the north, perpetrating daily attacks, killings, and abductions. The association urged the federal government to provide ongoing support and empowerment to security agencies to combat these criminal elements effectively.

(Read Also: Strategic Repositioning: US Shifting Troops in Niger as a Precautionary Measure)

Regarding the political crisis in Niger Republic, CAN called upon the Economic Community of West African States (ECOWAS) to seek diplomatic solutions rather than resorting to force, which could escalate tensions and potentially lead to war.

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