The People’s Democratic Party (PDP) has said that there is no way Nigerians can survive the latest hike in the cost of fuel and electricity.
Describing the price increase as obnoxious, the party regretted that the increase was coming at a time of crippling poverty foisted on the nation by the All Progressives Congress (APC) administration.
In a statement on Tuesday by the spokesman for the PDP, Kola Ologbondiyan, the party described the attempt by the Minister of Information and Culture, Alhaji Lai Mohammed, to justify the excessive hike in the cost of fuel from N87 per liter under the PDP to N162 as well as electricity from N30.23 per kwh to over N66kw/h, as yet another daring and intolerable affront to the Nigerian citizenry, who have summarily rejected the price increase.
“Our party stands with Nigerians in insisting that there is no way our compatriots can survive an N162 per litre fuel price and a N66 per kw/h of electricity in a country which, in the last five years, ranked as the poverty capital of the world, with a frightening 23 per cent unemployment rate; where over 90 million citizens live in abject poverty and many more living on less than N500 a day.
“Indeed, we find it very inconceivable that after the Federal Government, through the Minister of Humanitarian Affairs and Disaster Management and Social Development, Sadiya Farouq, confirmed that 90 million Nigerians are living in poverty, it still went ahead to increase the cost of essential commodities that drive our economy.
“Nigerians are already in trepidation that the excruciating price increase is a sudden death sentence on many citizens, particularly those living below the poverty line, as they cannot survive under a worsened economic situation.
“Moreover, with a N30, 000 federal monthly minimum wage, which represents an N1,000 ($2.1) daily wage, there is no way an average Nigerian can survive under the excessive fuel and electricity hike, with attendant increases in transportation and other operational costs, which will leave most citizens with nothing for food, medicines, house rents and other basic necessities of life,” the PDP said.
The party cautioned President Muhammadu Buhari that the latest price hike will worsen the scary situation in the last five years, where some Nigerians are resorting to suicide, slavery mission abroad as well as selling their children as survival options.
The PDP said it found it extremely cruel and insensitive for anybody, particularly, an official of the administration, to attempt to antagonise Nigerians by comparing the country to other countries where their Presidents are working hard in providing gainful employments, running productive economies and functional infrastructure, and where citizens enjoy strong purchasing power.
It described as highly irrational; argument by the Information Minister that fuel price is higher in some West African countries, without presenting the contradictory economic settings in those countries and Nigeria’s.
Continuing, the PDP said, “Moreover, given our natural endowment, it is incontrovertible that Nigeria has always had cheaper fuel than her neighbours.
“It is, however, disgraceful that this Buhari administration, given its incompetence, extreme cluelessness as well as obnoxious and poverty inducing policies, has reduced Nigeria from the Giant of Africa to a West African ‘struggler’.
“The PDP firmly holds that nothing but an immediate downward review of the cost of fuel and electricity can be acceptable under the current economic situation in our country.
“Buhari must know that the duty of every responsible government is to solve problems and not to inflict pain and invent justification for its own failures.
“On this fuel and electricity prices increase, the PDP, once again, charges Buhari to end the grandstanding of his administration and listen to Nigerians before it is too late.”