Tinubu’s polices “badly planned”, fuel price should be N150 – PDP
Opposition Peoples Democratic Party (PDP) says that President Bola Tinubu’s economic policies are “ill-thought out”, “badly planned” and “hurried executed. The party, in a statement on Wednesday, said that the policies are “suffocating” Nigerians already facing extreme hardship.
“The APC is running Nigeria’s economy aground with the value of naira rapidly plummeting, businesses and production shutting down; citizens losing their means of livelihood, commercial and social activities crippled, with millions of families no longer able to afford their daily needs as the costs of food, medication and other essential goods and services continue to skyrocket,” the party said this in the statement, signed by its national publicity secretary Debo Ologunagba .
The PDP said the current pump price of petrol of N617/liter is “extortionate” and “provocative”, thereby accusing the young administration of abandoning “the welfare of Nigerians, which is the primary purpose of Government under Section 14 (2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).”
The PDP added, “Indeed, this is not the nation that Nigerians yearned for after the abysmal, harrowing and inhuman eight years of the Buhari-led APC administration as the situation has currently gone from a frightening bad to a terrifying worse with no hope in sight.
“The PDP dismisses APC’s insensitive and lame argument of market forces and comparison of price of fuel in Nigeria with those of other countries which have functional infrastructure, variety of affordable alternative transportation system and sources of energy; strong currency and where citizens earn far higher than what obtains in Nigeria.
“Even with the removal of subsidy on petroleum products, the PDP maintains that with a deft, transparent and innovative management of resources, economic potentials, national comparative advantage and expanded value chain in refining capacity, fuel should not sell for more than N150 per liter in Nigeria.”
