New Telegraph

New fuel price may lead to public restiveness PDP warns

The Peoples Democratic Party (PDP) has warned that new price pump price of fuel could lead to public restiveness and agitation in the country.

 

The party, in a statement by the National Publicity Secretary, Kola Ologbondiyan, yesterday, said the planned increase of fuel price to N170 by the  All Progressives Congress (APC) led Federal Government would amount pushing the people to the wall.

 

PDP noted 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 cost of goods and services, which will worsen the current agonising economic situation, where over 90 million citizen live in abject poverty, with an alarming 23 per cent unemployment rate and many more living below N500 a day,” the statement added.

 

It restated that the APC and its administration have no justification to increase fuel prices above N100 per litre, when there are practitell  cal options available to maintain affordable price template, given the 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 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.”

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