The Young Progressives Party (YPP) has described the Federal Government’s recently announced 30-day fuel price reduction as a temporary measure that fails to address the underlying economic challenges confronting Nigerians.
The party, in a statement issued on Thursday by its National Publicity Secretary, Mr Egbeola Wale Martins, said the intervention could provide immediate relief to citizens, but was not a sustainable solution to the economic hardship in the country.
The YPP said Nigerians had continued to grapple with rising fuel and transportation costs, food inflation, declining purchasing power and deteriorating living standards.
It questioned the funding mechanism for the fuel price reduction, asking who would bear the cost of the discount and how much it would cost the government.
“If the Federal Government is effectively subsidising the price of petrol, Nigerians deserve full transparency,” the party said.
The party also questioned the consistency of the intervention with the government’s policy on fuel subsidy removal, saying the government should explain the financial implications of the arrangement.
The YPP said any intervention aimed at alleviating economic hardship should be transparent, sustainable and based on a clear long-term policy framework.
It also urged the Federal Government to increase domestic refining capacity, reduce transportation and energy costs, improve transparency in the petroleum sector and cut the cost of governance.
The party called for policies capable of stimulating production, creating jobs and improving the purchasing power of ordinary Nigerians.
The YPP said the timing of the 30-day fuel reduction, coming ahead of the 2027 general elections, would naturally attract public scrutiny.
It urged the government to demonstrate that the intervention was designed to provide genuine economic relief rather than serve as a short-term political measure.
According to the party, Nigerians deserve sustainable economic relief and policies capable of restoring their purchasing power and dignity.
“The critical question remains: What happens to Nigerians on Day 31?” the party asked.
The YPP acknowledged that the reduction could provide temporary relief to citizens but maintained that it would not resolve the structural challenges responsible for the hardship.
It, therefore, urged the Federal Government to move beyond temporary interventions and implement a comprehensive and sustainable economic policy to address the causes of the current hardship.