Take a fresh look at your lifestyle.

APC Says Atiku’s Fuel Promise will Reinstate PDP’s Bleed-the-Nation-to-Death Subsidy

APC Says Atiku's Fuel Promise will Reinstate PDP's Bleed-the-Nation-to-Death Subsidy

The All Progressive Congress has criticized ’s promise to reduce price, saying it is a way to swindle Nigerians.

Atiku who is the presidential candidate of the People’s Democratic Party () had promised to reduce fuel pump price upon election in the .

In reply to this, the opposition, , had released a statement on Sunday, November 4 in Abuja through its deputy spokesperson , saying the promise sounds like a cheap political gist meant to deceive Nigerians.

He further stated that re-instating a lesser fuel price will be only possible if the party brings back the fuel subsidy scheme that almost bled the nation to death.

“The fact as we speak is that at a petrol cost under recovery fluctuating between N60-N70 per litre propelled by vaunting crude oil price of around $81 per barrel, the only way the bogus promise could be possible albeit unreasonably, is through the re-introduction of the PDP styled subsidy payment schism which almost bled the nation to death”. he said.

“A perusal of well entrenched and verifiable market fundamentals clearly indicates that the promise is virtually anchored on fiction and limited knowledge of the petroleum industry.

“It is shocking to note that at a period when the nation is looking ahead to embrace the eventual deregulation of the downstream sub-sector of the oil and gas industry to allow for equitable private sector participation and break the seeming NNPC monopoly of fuel importation, the PDP is plotting a reversal of the spiraling wheel of progress.

“No doubt if the PDP had been clairvoyant enough in its long years’ of rulership to fix the local refineries and make them work for the benefit of Nigerians, the country would have reaped bountifully from the gains of higher price of crude oil while optimizing the benefits that comes with local processing of its God given natural resource,” Legit.ng reports.

Leave A Reply

Your email address will not be published.