The parliament
The House of Representatives on Tuesday advised the Federal Government to address the rising cost of living in the country, and tackle the hardship being faced by Nigerians.
This followed the adoption of a motion by Rep. Isiaka Ibrahim at plenary in Abuja on Tuesday.
In the motion titled “Urgent Intervention on Reducing Cost of Living”, Ibrahim said that the rising cost of living in the country was unbearable.
He said that the impact was deadly on individuals and families, stressing that there was an urgent need for government’s intervention to bring down the cost of living.
Ibrahim noted that the skyrocketing cost of housing, food, healthcare, and education had led to increasing hardship in the country.
“The current inflation has eroded the purchasing power of individuals with higher prices for goods and services.
“Stagnant wages and limited job opportunities have also further exacerbated the financial strain on individuals and families, making it increasingly difficult to make ends meet,” he said.
He revealed that the impact of rising costs of living was particularly severe for low-income groups, who had been forced to make difficult choices between basic necessities.
