The Peoples Democratic Party (PDP) says the increase in the pump price of premium motor spirit (PMS) commonly known as fuel from N534 to N617 is extortion.
The opposition party said this in a statement by it spokesman, Debo Ologunagba on Wednesday.
“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,” the statement read.
“It is appalling that instead of seeking ways to stabilise 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 opposition party said the present dire situation comes as a consequence of APC’s alleged insensitivity, seething corruption, scandalous cluelessness and lack of capacity to effectively steady and manage the nation’s economy.
See the full statement below:
APC’s N617/Liter Hiked Fuel Price Extortionate, Provocative – PDP
…Insists Fuel Should Not Sell More Than N150/liter in Nigeria
The Peoples Democratic Party (PDP) describes the extortionate 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.
The Party cautions that 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.
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 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.
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.
Signed:
Hon. Debo Ologunagba
National Publicity Secretary
