After Subsidy Removal, Fuel Shouldn’t Exceed N150/liter –PDP

The Peoples Democratic Party (PDP) has accused the All Progressives Congress (APC) led President Bola Tinubu administration of extorting and provoking Nigerians with its endorsement of the N617 per liter fuel price

The party described the price hike as insensitive and callous towards, adding that even the subsidy removal, with a “deft, transparent and innovative management of resources, economic potentials, national comparative advantage and expanded value chain in refining capacity, fuel should not sell for more than N150 per liter in Nigeria.”

The PDP national publicity secretary, Hon Debo Ologunagba, cautioned that the increase is worsening the already suffocating economic situation under the APC and has the capability of triggering  serious crisis in the country if not abated.

Ologunagba, in a statement said, “It is appalling that instead of seeking ways to stabilize and grow the economy, the APC administration has abandoned the welfare of Nigerians which is the primary purpose of Government under Section 14 (2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and left the citizens to the vagaries of market forces and exploitative cabal; a disposition that is characteristic of a government that is not accountable to the people.”

The PDP added it is alarmed that with its ill-thought out, badly planned and hurriedly-executed polices, the APC is running Nigeria’s economy aground with the value of naira rapidly plummeting, businesses and production shutting down; citizens losing their means of livelihood, commercial and social activities crippled, with millions of families no longer able to afford their daily needs as the costs of food, medication and other essential goods.

“The present dire situation comes as a consequence of APC’s insensitivity, seething corruption, scandalous cluelessness and lack of capacity to effectively steady and manage the nation’s economy.

“Indeed, this is not the nation that Nigerians yearned for after the abysmal, harrowing and inhuman eight years of the Buhari-led APC administration as the situation has currently gone from a frightening bad to a terrifying worse with no hope in sight.”

The PDP however dismissed APC’s insensitive and lame argument of market forces and comparison of price of fuel in Nigeria with those of other countries which have functional infrastructure, variety of affordable alternative transportation system and sources of energy; strong currency and where citizens earn far higher than what obtains in Nigeria.

“Our Party insists that the N617 per liter of fuel is excessive, unacceptable and cannot be justified under any guise. This is especially given the economic potentials and prospects within our country.”