Disturbed by the pain inflicted on Nigerians by President Ahmed Bola Tinubu’s policies, the Peoples Democratic Party (PDP) has said a litre of petrol needs not sell beyond N150.
Describing the new pump price rate of N617 per litre price as forced on Nigerians by the All Progressives Congress (APC) as extreme and provocative, PDP said the decision was an exhibition of excessive insensitivity and callousness toward Nigerians.
Speaking in a statement signed by its National Publicity Secretary, Mr Debo Ologunagba, PDP
warned that the increase “is worsening the already suffocating economic situation under the APC and has the capability of triggering a very serious crisis in the country if not abated.”
“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.
“PDP is alarmed that with its ill-thought out, badly planned and hurriedly-executed policies; 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.
“The present dire situation comes as a consequence of APC’s insensitivity, seething corruption, scandalous cluelessness and lack of capacity to steady and manage the nation’s economy effectively.
“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 litre of fuel is excessive, unacceptable and cannot be justified under any guise. This is especially given the economic potential 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 litre in Nigeria”, the party said.