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.
RELATED NEWS
Former speakers shower encomiums on Fintiri over human, infrastructural dev
We worked hard for the autonomy of judicial, legislative arms, Former speakers
Speakership: New reps member elect, Dr. Midala Balami predicts Betara’s victory
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.
__________________
We do hope that the information we were able to provide you are helpful. Checkout out other unique articles on our blog for more detailed information and do well to share with your friends and family. Follow us on our Twitter and Facebook to stay updated with premium information.
Please leave any comments or questions in the area given below.
DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
