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 potentials and prospects within our country.
Nigeria’s main opposition party, the Peoples Democratic Party, PDP, has reacted to Tuesday’s sudden spike in the pump price of fuel, slamming the governing All Progressives Congress, APC, and the Bola Tinubu Administration of insensitivity to the plight of Nigerians, especially the toiling masses.
The party vented its spleen over the matter via a press statement issued, Wednesday, in Abuja, by its National Publicity Secretary, Debo Ologunagba.
“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 potentials and prospects within our country,” Olorunagba declared in the release.
The PDP, through its publicity scribe, insisted that even with the removal of subsidy on petroleum products, the PDP maintained that fuel should not be sold for more than N150 per litre in Nigeria.
Olorunagba further argued that with deft, transparent and innovative management of resources, economic potential national comparative advantage and expanded value chain in refining capacity, the price should not be more than N150.
Ologunagba said the rising cost of fuel had worsened the economic conditions of Nigerians and charged the APC federal government to urgently look for ways to stabilise and grow the economy.
The spokesperson, according to the News Agency of Nigeria, NAN, also declared that the PDP was alarmed over the fall in the value of naira, explaining that the situation had forced businesses and production to shut down, made citizens lose their jobs in droves, as well as crippled commercial and social activities.
According to him, millions of families can no longer afford their daily needs as food, medication, and other essential goods and services continue to skyrocket.
The PDP spokesperson said this was not the country that Nigerians yearned for.
He dismissed the argument of market forces and comparison of the price of fuel in Nigeria with other countries, saying the countries being mentioned have functional infrastructure, transportation systems and energy.
Ologunagba, according to NAN, also added that the currencies of such countries were very strong while their citizens earned far higher than what obtains in Nigeria.
