The Catholic Bishops Conference of Nigeria (CBCN) issued a stark warning on Tuesday, expressing deep concern over the current state of the country following the elimination of gasoline subsidies. Without accompanying mitigating measures, the bishops fear that Nigeria is on the verge of collapse.
In light of the public’s mounting grievances over the removal of petrol subsidies, the Nigeria Employers Consultative Association (NECA) urged the Federal Government to promptly address the people’s concerns to prevent further escalation of the crisis.
The President of the CBCN, Most Rev. Lucius Iwejuru Ugorji, raised the alarm during a homily delivered at the Maria Assumpta Cathedral while receiving Prof. Remy Uche, the Supreme Subordinate President of the Knights of St. John International, in Owerri over the weekend.
He stressed the urgent need for the government to take effective action to address the nation’s ongoing economic turmoil and the hardships faced by its citizens.
As the nation grapples with the repercussions of subsidy elimination, the warning from the Catholic Bishops Conference underscores the critical importance of timely and decisive measures to stabilize Nigeria’s economic situation and prevent further deterioration.