The Catholic Bishops Conference of Nigeria (CBCN) has sounded the alarm, expressing concern that the removal of fuel subsidy without adequate measures to offset its effects has pushed the country to the brink of collapse. The President of CBCN, Most Rev. Lucius Iwejuru Ugorji, delivered the warning during a homily at the Maria Assumpta Cathedral, urging urgent action to address the ongoing economic crisis.
Additionally, the Nigeria Employers Consultative Association (NECA) has called on the Federal Government to swiftly address the hardships faced by citizens resulting from the subsidy removal on petrol. NECA emphasized the importance of avoiding any strikes or mass protests, as such disruptions could lead to further economic challenges and pose risks to businesses and the nation as a whole.
NECA also stressed the significance of social dialogue and the need for transparent communication during these challenging times. They underscored the importance of respecting established institutions for adjudicating and arbitrating labor matters, such as the National Industrial Court and the Industrial Arbitration Panel, to maintain a stable labor and industrial relations system.
Both the CBCN and NECA believe that the root of Nigeria’s problems lies in corruption, and collectively fighting against it is essential for the nation’s survival. The CBCN questioned the efficacy of palliative measures and called for a more direct approach in tackling the economic crisis.
Overall, these warnings highlight the urgent need for the government to take immediate steps to alleviate the economic hardships faced by Nigerians and protect the nation’s stability.