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PDP reveals what will happen if Buhari increases fuel price

Fuel-PriceFuel-Price

The Peoples Democratic Party (PDP) has said President Muhammadu Buhari’s proposed plan to increase fuel price, will wreck the nation’s economy.

This was contained in a statement signed by its National Publicity Secretary, Kola Ologbondiyan.

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PDP flayed the Federal Government for planning to trade away the nation’s resources to other interests under “sneaky subsidy deals.”

“It is now clear to all that President Buhari-led APC Government is bent on wrecking the nation. Instead of abating, the situation is getting worse under the APC administration, which on December 6, 2017 promised to end the fuel crisis within one week.

“What is more frightening is the atrocious proposals by the Minister of State for Petroleum, Dr. Ibe Kachikwu which amounts to trading away the nation’s resources to the mercy and vagaries of international interests through questionable subsidy plan that is completely against national interest.

“This same minister who denied plans to increase the price of fuel is also plotting an indirect hike through a wicked price modulation plan where NNPC will be allowed to continue to sell at N145 per litre in its few mega stations across the country while the independent marketers should be allowed to sell at whatever price is profitable to them in all their outlets,” PDP said.

The party accused APC government of deceiving Nigerians in its promise not to increase fuel prices.

“We all know that there are very few NNPC stations and that most of such stations will not even have the products. What this means is that after ruining the system, the APC administration is now contemplating handing Nigerians over to unspeakable whims of independent marketers, while attempting to cover shady subsidy regime through which billions of naira could be frittered away daily under their watch.

“This proposal will leave our economy, which is already weakened by the incompetent and corrupt APC government, in complete comatose and result in more hardship on the already impoverished Nigerians.

“With the poor purchasing power of the naira, also due to bad policies of the APC government, any additional anti-people policy will ultimately spell doom for our dear nation.

“Nigerians are now aware that the same government that boasts of zero tolerance for corruption has been engaged in unspeakable grafts, including unabated siphoning of our national resources through underhand subsidy deals, direct diversion of public funds in various sectors and depletion of our foreign financial instruments. This must stop,” he warned.

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