The Peoples Democratic Party, PDP, has accused the administration of President Bola Tinubu of robbing Nigerians with the Six Hundred and Seventeen Naira pump price hike of petrol.
The PDP said the price of fuel should not exceed One Hundred and Fifty Naira per litre, adding that the increased rate was mismanagement by Tinubu’s government which has shown extreme indifference and indifference to Nigeria.
The party warns that the increase worsens the already suffocating economic situation under the APC and has the capacity to trigger a very serious crisis in the country if not relented.
A statement by PDP spokesperson Debo Ologunagba 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 objective of government under section 14(2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and has left citizens at the vagaries of market forces and exploitative cliques; A nature that is characteristic of a government that is not accountable to the people.
Ologunagba: “The PDP is alarmed that with its poorly thought out, poorly planned and hastily executed policies, the APC is wrecking the Nigerian economy with the rapidly falling value of the naira, shutting down businesses and production; citizens are losing their livelihoods, business and social activities are paralyzed, millions of families are no longer able to meet their daily needs as the costs of food, medicine and other essential goods and services continue to soar.
“The current dire situation comes from APC’s apathy, rampant corruption, scandalous ignorance and lack of ability to manage and manage the nation’s economy.
“Our party insists that N617 per liter of fuel is excessive, unacceptable and unjustifiable under any guise.
This is especially considering the economic potential and prospects in our country.
“Even with the removal of subsidies on petroleum products, the PDP still believes that fuel prices in Nigeria should not exceed 150 naira per litre, with flexible, transparent and innovative management of the expanding value chain of resources, economic potential, national comparative advantage and refining capacity.
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