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Fuel Price Increase, Electricity Tariff Hike in the Interest of Nigerians- APC

The ruling All Progressives Congress (APC), has stated that the recent hike in the pump price of Premium Motor Spirit (PMS) and electricity tarrif is for the good of all Nigerians.

The APC stated this on Wednesday, while reacting to a statement issued by the Peoples Democratic Party(PDP) on its stance on the fuel and electricity tariff hike.

The PDP in its earlier statement, joined some Nigerians on social media to reject the N151.56 new price per litre.

“Our party asserts that by increasing the price of fuel from the N87 per litre it sold under the PDP to an excruciating N151 while at the same time allowing the hike in electricity tariff from N30.23 per kwh to over N66, the APC has left no one in doubt that its agenda is to inflict pain and hardship on Nigerians to satisfy their selfish interests,” Kola Ologbodinyan, the PDP’s spokesperson, had said, challenging the President Muhammadu Buhari-led administration to publish the parameters used to arrive at the current price given “the prevailing values in the international market.”

The APC, in a statement heaped the blame on the PD, saying its 16 years rule is responsible for the country’s current woes, saying the party should rather account for the alleged looted subsidy funds during its administration.

The statement did not address the concerns raised by the PDP.

“For successive PDP governments that foisted on the country a corruption-tainted fuel subsidy regime, we call on the PDP to surprise itself and indeed Nigerians by cajoling its cronies who ran the subsidy rackets — many of them in hiding abroad — to return our stolen commonwealth in their possession,” the APC deputy national spokesperson, Yekini Nabena, said while stating Mr Buhari’s ‘achievements’ in the oil and gas sector.

“Under the President Muhammadu Buhari administration. The tortuous fuel queues as a result of biting scarcities are gone. The reviewed petroleum products pricing template has resulted in a more transparent, efficient and realistic pricing system for petroleum products and also resulted in constant availability of fuel nationwide.

“The pricing template now reflects competitive and market-driven components which is supported by the citizenry.

“In an effort by this administration to put an end to estimated and arbitrary billing for electricity, President Buhari recently directed a nationwide mass metering programme for electricity consumers in the country,” he added as while calling on “the PDP to wake up to the new Nigeria were the government works for the citizens not a few interests.”

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