Increasing Pump Price Will Only Make Life Harder For Already Impoverished Nigerians – PDP

The Peoples Democratic Party, PDP has come out to say that any increment in the pump price of the Premium Motor Spirit will not make any sense in Nigeria right now.

This was recently revealed in a statement signed by spokesman, Kola Ologbondiyan, and Nigerians have been reacting

According to him, any idea of such should be buried by the APC completely, as it will only lead to making things harder for the already impoverished Nigerians who have been pushed to the wall.

PDP added that an increment in the price can even result in public restiveness and increase of agitations in the land, if the ruling party should go ahead with their plans.

His words, “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.”

“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 agonizing 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 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 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 that 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.”