Hardship: Ex-speakers urge FG to introduce price control, secure lives

Hardship: Ex-speakers urge FG to introduce price control, secure lives

Former speakers of state houses of assembly under the auspices of conference of former speakers of state houses of assembly of Nigeria have called on the federal government to institute a price control mechanism to checkmate the rising cost of prices of good and services in the country.

The former speakers also call on the federal government to as a matter of urgency put in place strong fiscal reforms to sanitize the economy which is going through myriads of challenges.


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Since the removal of subsidy and floating of naira by the federal government, prices of goods and services have been on a daily rise pushing inflationary trends to an all time high in Nigeria with inflation spiking over 30%.

The former speakers in a communique at the end of the executive session of their conference in Yola also demanded the federal government to take urgent actions to end the ravaging insecurity, hunger and hardships facing Nigerians.

“Understanding the burden placed on citizens due to the rising cost of living, concerted efforts should be made to mitigate inflationary pressures through effective price control mechanisms, subsidies for essential commodities, and social welfare programs targeting vulnerable populations.

“Furthermore, the conference advised on improving infrastructure, particularly in transportation and energy sectors, that will reduce the cost of goods and services and enhance overall living standards of the citizenry.

“The conference decried the falling value of the Naira and requested the monetary and fiscal authorities to find appropriate solutions to the challenges. It notes the need for prudent fiscal management, diversification of the economy, and the promotion of local production and entrepreneurship. Strengthening institutions responsible for monetary policies and implementing measures to attract foreign investments that will contribute to stabilizing the exchange rate and fostering economic growth,”
the former speakers said.

The meeting also urged the federal government to enhance efforts to curtail the raging social insecurity that has engulfed Nigeria.

“The conference noted that It is paramount to bolster collaborative efforts among security agencies, enhance intelligence gathering mechanisms, and engage in community-oriented policing strategies. Additionally, it advised on investing in youth empowerment programs and addressing the root causes of insecurity, such as unemployment and poverty,” the former speakers added.

They also praised governor Ahmadu Umaru Fintiri for the solid transformations he brought to Adamawa State urging all members of the forum to emulate such outstanding performance whenever they are called to national duty.


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