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Experts Call for Price Control and Subsidies on Vital Goods to Alleviate Hardship

Experts Call for Price Control and Subsidies on Vital Goods to Alleviate Hardship

Former speakers of the state houses of assembly in Nigeria have come together to propose measures aimed at reducing the prevailing hardship across the country. Led by Simon Lalong, the former speaker and immediate past governor of Plateau State, the group convened a meeting in Adamawa State to discuss ways to restore normalcy to the national economy.

In a communique issued after the meeting, the former speakers emphasized the need for quick and decisive action. They recommended implementing effective price control mechanisms, subsidies on essential commodities, and social welfare programs targeting vulnerable populations to mitigate inflationary pressures and alleviate the burden on citizens due to the rising cost of living. 

Experts Call for Price Control and Subsidies on Vital Goods to Alleviate Hardship

The communique, signed by Simon Lalong, who served as the chairman of the ex-speakers conference, also highlighted the importance of improving infrastructure, particularly in transportation and energy sectors. By reducing the cost of goods and services and enhancing overall living standards, such improvements would contribute to easing the hardships faced by the people.

The conference expressed concern over the depreciation of the Nigerian Naira and called on the relevant authorities to find appropriate solutions. It stressed the importance of prudent fiscal management, economic diversification, and the promotion of local production and entrepreneurship. 

Experts Call for Price Control and Subsidies on Vital Goods to Alleviate Hardship

The strengthening of institutions responsible for monetary policies and the implementation of measures to attract foreign investments were also identified as crucial steps towards fostering economic growth and stabilizing the exchange rate.

The Yola meeting was attended by 125 former speakers, including Governor Ahmadu Fintiri of Adamawa State, as well as the governors of Delta and Ebonyi States.

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Blessing Temi

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