Tinubu’s Govt Provoking Nigerians With Another Fuel Price Hike – PDP

By Kamil Opeyemi
The Peoples Democratic Party (PDP) on Wednesday said the government is provoking Nigerians with its latest hike in the price of petrol.
Describing the new price as “provocative” and “extortionate,” the party said a litre of fuel should not sell more than N150 per litre in the country.
In a statement by Debo Ologunagba, PDP said the N617 per liter price of fuel “endorsed by the All Progressives Congress (APC) maladministration as a provocative exhibition of extreme insensitivity and callousness towards Nigerians.”
NPO Reports that the Nigerian National Petroleum Company Limited announced a new price regime on Tuesday saying the decision was dictated by market forces.
This followed an increase after the removal of fuel subsidy at the inaugural speech of President Bola Tinubu.
“The increase is worsening the already suffocating economic situation under the APC and has the capability of triggering very serious crisis in the country if not abated,” the opposition party said.
It added that it is appalling that instead of seeking ways to stabilize and grow the economy, the APC administration has abandoned the welfare of Nigerians.
PDP said this is contrary to the primary purpose of Government under Section 14 (2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).
IT added that this has 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.”
Saying 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 and services continue to skyrocket.
It went further, “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 dismisses 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. Even with the removal of subsidy on petroleum products, the PDP maintains that 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.”