The Peoples Democratic Party (PDP) has described the “thoughtless increase” in the fuel price as a huge recipe for crisis.
Its National Publicity Secretary, Hon. Debo Ologunagba in a statement issued Wednesday noted that Nigerians cannot bear the worsening effect of the increase in pump price on the suffocating economic hardship which they currently face under the President Bola Tinubu-led administration.
He said: “PDP rejects the punishing increase in the pump price of fuel to over N1,000 per liter in various parts of the country describing it as a brutal assault on the sensibility and wellbeing of Nigerians by the insensitive and arrogant All Progressives Congress (APC) administration.
“The thoughtless increase in fuel price, especially at this time, is a huge recipe for crisis as Nigerians cannot bear its worsening effect on the suffocating economic hardship which they currently face under the President Bola Ahmed Tinubu-led @officialABAT APC administration.
The main opposition party added that 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 worst.
The Spokesperson stressed that the APC 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 catastrophic high cost of living.
The party noted: “Today, under the Tinubu-led APC administration over 150 million Nigerians have sunk below poverty line, businesses are collapsing daily as the Naira now exchange for over N1,600 to a Dollar with over 34 per cent inflation rate and over 40 per cent unemployment rate which are expected to rise further with the latest draconian 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.”
It said 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 the position of the PDP that the Tinubu-led administration has abdicated the primary purpose of government; which is to provide for the welfare and security of the citizens.
It pointed to out that Tinubu as the Minister of Petroleum Resources cannot exonerate his government and officials from the secretive and fraudulent management of the petroleum sector which is fast pushing the nation’s economy to the precipice.