The PENGASSAN president said the fuel price hike executed by the President, Major General Muhammadu Buhari (retd.), was worse than that of former President Goodluck Jonathan.
Jonathan had in January 2012 removed fuel subsidy which caused nationwide protests, especially in Lagos where thousands of people took to the streets to express their displeasure.
Responding to a question on Friday, however, the PENGASSAN President said removing the subsidy in 2012 was actually a better decision because it would have had less effect on the people.
He said increasing fuel price in 2020 in the middle of the global COVID-19 pandemic and a worsening economy would exacerbate the suffering of Nigerians.
Osifo said, “I think the timing today is even more problematic compared to 2012 because we are battling a pandemic. I can tell you that for a lot of households, their income has diminished; a lot of businesses have been shut down since March.
“I can tell you that today, Nigerians are facing hardship. I believe that 2012 was a bit better than it is today because the pandemic has ravaged the average household in Nigeria. You have seen the recent figures from the National Bureau of Statistics. We are actually in negative Gross Domestic Product. By the next quarter, we could be in recession. This is not the right time to have done this.”