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The main opposition party, the People’s Democratic Party (PDP) has warned President Muhammadu Buhari administration against the further increase of fuel price.
According to the opposition party, the APC administration is undertaking discussions and consultations aimed at the upward review of fuel price in Nigeria from N170 to a higher figure.
This was contained in a statement by the PDP titled, ‘Don’t Ever Contemplate Another Fuel Price Increase, PDP Tells APC Administration.’
The PDP asked the APC administration to perish such thoughts.
The statement partly read, “Our party cautions the APC to immediately perish such contemplations as it would amount to pushing the already impoverished Nigerians to the wall; a situation that might result in public restiveness and acercabation of agitations in the land.”
“The party laments that Nigerians are groaning heavily under the weight of economic hardship and high costs occasioned by the unjustified increase in the price of fuel to an unbearable N170 per litre last November, adding that any new hike might become the last straw that can break the camel’s back.
“This is because there is no way our compatriots can survive a further fuel price increase with its attendant increase in the cost of goods and services, which will worsen the current agonizing economic situation, where over 90 million citizens live in abject poverty, with an alarming 23% unemployment rate and many more living below N500 a day.
“The PDP restates that the APC and its administration have no justification ever to increase fuel prices to even above N100 per litre, when there are practical options available to maintain affordable price template, given our national production capacity and potentialities.
“Our party condemns the bizarre attempt by the APC administration to compare our domestic fuel price to those of other countries where their governments are sincere and working hard in running productive economies that boost the purchasing power of citizens.
“With an official N30,000 federal monthly minimum wage, which represents a N1,000 daily wage, compared to a country like Saudi Arabia with monthly 3,000 Riyals; a daily 100 Riyals (N10,161) there is no foundation to base fuel price in Nigeria to that of Saudi Arabian where citizens earn ten times higher than their counterparts in Nigeria.
“It is therefore clear that the sordid increases in fuel price in Nigeria are products of nebulous indices coming from an incompetent and overtly corrupt APC administration under whose watch APC leaders had stolen over N15 trillion from our oil coffers and other national sources.
“Our party, therefore, rejects any contemplation towards fuel price increase but urges President Muhammadu Buhari to rather end the corruption in his administration, recover the stolen N15 trillion and seek help in evolving viable options for affordable price template, given our national production capacity and potentialities.”
This post was written by Obiajulu Joel Nwolu.
The views expressed here belong to the author and do not necessarily reflect our views and opinions.