Felicia Fredrick
It is no longer news that the Nigerian Government has removed fuel subsidy. Which means that the government is no longer subsidizing the cost of fuel, and as a result, the price of fuel has increased significantly.
In an interview with the All Campus Show Reporter, a Nigerian student who identified herself as Oluwashidara Kenny lamented that the removal of fuel subsidy has indeed had an impact on her budget and daily expenses.
"This increase in fuel prices has a ripple effect on various aspects of my budget.
Firstly, transportation costs have risen, as public transportation operators and private vehicle owners have to pay more for fuel. This directly affect my daily commute to school, making it more expensive and reducing the amount of money I have available for other expenses". She said
She further said that, the removal of fuel subsidy has broader implications for the economy. It can lead to inflationary pressures, as the increased cost of transportation and production is passed on to consumers. Inflation erodes the purchasing power of money, making it more difficult for individuals to meet their basic needs and save for the future.
Godsent Ogbebor, a final year student said " it has really affected me. As a student, all our needs is not totally confine within the walls of the institution, there are times we have activities outside the school but because prices of transport has skyrocketed, we either cancel the engagement or face the situation like that"
The students also mentioned that the situation is not favourable to their learning. However, they call on the government to do the needful and make the curve of high rates falls back to normal or flattened rates.
They further emphasized on the need of adopting E-learning platform as an escape route to the current situation.