The federal government has been urged to take immediate action to mitigate the effects of rising fuel prices, which have reached as high as ₦1,400 per litre in some parts of the country. The sharp increase is largely attributed to the ongoing global conflict involving Iran, Israel, and the United States. Many Nigerians are already struggling to cope with the situation, and experts warn that the crisis could push more people into poverty.
The ActionAid Nigeria Country Director, Andrew Mamedu, noted that the federal government has not done enough to support citizens despite the crisis lasting over a month. He pointed out that global crude oil prices have risen to about $100 per barrel from around $75–$80 before the crisis. However, Nigerians are not benefiting from the higher oil revenue, and the situation is becoming increasingly dire.
Petrol prices now range between ₦1,200 and ₦1,400 per litre, while diesel prices remain high, making life even harder for people. The rise in fuel prices has led to increased transport fares and food prices, pushing many Nigerians into financial difficulties. Workers, farmers, transport operators, students, and small business owners are among those most affected by the crisis.
ActionAid Nigeria has called on the federal government to introduce measures such as cash transfers, temporary fuel subsidies, and support for public transport. The group also advised reducing taxes and transport costs linked to fuel prices, protecting supply chains, and improving the crude-for-naira policy to stabilise fuel supply.
The federal government's inaction in the face of rising fuel prices is a stark reminder of the need for urgent intervention. Andrew Mamedu's call for coordinated action to support citizens is a timely reminder that the government has a responsibility to protect its people from the effects of global crises. The Oyo State Government's small effort to introduce a ₦10,000 wage support is a welcome step, but it is clear that more needs to be done to mitigate the hardship faced by Nigerians. The government must act quickly to reduce the impact of rising fuel prices on households, small businesses, and workers.
