The Peoples Democratic Party, on Wednesday, chided the All Progressives Congress-led Federal Government over the recent hike in the pump price of Premium Motor Spirit also known as fuel from N534 to N617 per litre.
The National Publicity Secretary of the main opposition party, Debo Ologunagba, in a statement, described the new price as provocative and extortionate, adding that the recent increment worsened the already suffocating economic situation under the leadership of the APC.
The statement read in part, “Our party insists that the N617 per litre of fuel is excessive, unacceptable and cannot be justified under any guise. This is especially given the economic potential and prospects within our country.
It is appalling that instead of seeking ways to stabilise and grow the economy, the APC administration has abandoned 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) and left the citizens to the vagaries of market forces and exploitative cabal; a disposition that is characteristic of a government that is not accountable to the people.
The PDP is alarmed that with its ill-thought out, badly planned and hurriedly-executed policies, 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.
