Fuel Price Increase: Tinubu Pushing Nigerians To The Wall – PDP
By People’s Voice Nigeria | News
The People’s Democratic Party (PDP) said the All Progressives Congress (APC) is pushing Nigerians to the wall by the recent increase of pump price of fuel to N1,000.
PDP in a statement by the National Publicity Secretary Debo Olungunagba, stated that the increase will worsen the economic hardship currently being experienced under the President Bola Tinubu-led APC administration.
“The secretive and corrupt administration of the petroleum sector and persistent increase in fuel price under the Tinubu administration without due regard to the wellbeing of the people is akin to pushing Nigerians to the wall and daring them to do their worse,” the party added.
PDP said that the Tinubu administration has consistently shown itself to be anti-people, unconcerned and deaf to the agonies of millions of Nigerians who can no longer afford their daily meals, medications and basic support for families due to the high cost of living.
The party noted that under the Tinubu-led APC administration, over 150 million Nigerians have fallen below the poverty line, while businesses are collapsing daily as the naira now exchange for over N1,600 to a dollar.
According to PDP, the inflation rate has risen to 34 per cent while unemployment is over 40 per cent, and is expected to rise further with the latest increase in the price of fuel.
“There is practically no hope in sight under the current APC government policies as major multi-national companies continue to exit our country in droves in the face of ill-conceived and ill-implemented macro-economic policies,” the party said.
It stated that the admission by the APC-led Federal Government that it has handed the fate of Nigerians to oil racketeers in the name of free market economy further validates PDP’s position that Tinubu’s administration has abdicated the primary purpose of government, which is to provide for the welfare and security of the citizens.
“President Tinubu is the Minister of Petroleum Resources and cannot exonerate his government and officials from the secretive and fraudulent management of the petroleum sector which is fast pushing our nation’s economy to the precipice.
“Moreover, it is inexplicable that the APC administration continues to increase fuel prices despite the scandalous revelation in the public domain that it is secretly paying a whopping N5.4 trillion as fuel subsidy for 2024,” PDP stated.
The party said the APC government has now become an enabler of a cabal of corrupt APC rent-seekers who apparently derive pleasure in inflicting pains on Nigerians while benefiting from the proceeds of incessant increases in fuel prices to satisfy and fund their luxury appetite and consumption.
It restated that with a deft, transparent and innovative management of resources, economic potentials, comparative advantage and national refining capacity, petrol should not sell more than N250 per litre in Nigeria, and called for reversal of the latest increase in fuel price.
