The Peoples Democratic Party (PDP) has restated its call on the All Progressives Congress (APC) and its Federal Government to slash the pump price of fuel to reflect the prevalent slump in the cost of crude oil and petroleum products in the international market.
The PDP insists that the APC and its government have no justifiable reason to continue to retain the pump price of fuel at N125 per liter despite the drastic crash in the international price of crude oil.
The party notes that given the prevalent international price, the appropriate price template for domestic pump price of fuel in Nigeria ought to be between N60 to N70 per liter, in response to the variables of international market forces.
The PDP stressed that the APC government ought to have reduced the pump price, earlier in the year, to N90 per liter when crude oil price slumped to about $30 per barrel.
The party therefore wonders why this administration had continued with N125 per liter, even with the further fall in the price of crude oil price.
The PDP berates the APC and cautioned it to stop fleecing Nigerians with inappropriate fuel price template, particularly at this time when the citizens are battling with the economic impact of the COVID-19 pandemic.
Our party therefore demands that the Federal Government should reduce the pump price of fuel without further delay.
In the same vein, the PDP demands that the Nigerian National Petroleum Corporation (NNPC) should immediately declare the billions of naira accruable as overcharge from the inappropriate N125 per liter since the crash in crude oil price and channel the funds for palliatives to Nigerians.
Furthermore, the PDP demands that the NNPC should waste no further time in recovering the proceeds of its alleged sleazy and over-bloated oil subsidy regime, which should also be channeled as palliatives to Nigerians.
Nigerians can recall that the NNPC had, earlier in the month, confessed that the APC administration had, in the last five years, engaged in underhand subsidy deals, which included a hazy under-recovery for unnamed West African countries, running into trillions of naira, while Nigerians continued to bear the burden on unsubsidized fuel.
The PDP also restates its call on the National Assembly to immediately open an investigation into the fuel price overcharge as well as the fraudulent subsidy regime through which over N14 trillion had allegedly been frittered by a few unscrupulous individuals operating as a cabal in government circles.
MEANWHILE, The Peoples Democratic Party (PDP) deeply mourns the death of elder statesman, foremost legal icon, former Minister of Education, former Attorney General of the Federation (AGF) and Minister of Justice, Chief Richard Akinjide SAN.
The party laments the death of Chief Akinjide as a monumental national loss especially coming at this period when his wealth of experience and patriotism is needed the most by our nation.
The PDP describes Chief Akinjide as an exceptional nationalist, a quintessential democrat and astute administrator who dedicated his energy and resources towards the unity, political stability and development of our dear nation.
Chief Akinjide’s performance as minister of education in the First Republic as well as the Attorney General of the Federation in the Second Republic laid the solid platform for the development of education and administration of justice system in Nigeria
The party recalled Akinjide’s role as a member of the Constitutional Drafting committee of 1975-1977, which helped in providing the solid foundation for the development of constitutional democracy in Nigeria.
Indeed, Chief Akinjide’s contributions towards the development of democratic tenets in our nation are solidly etched in the annals of our history even as he eternally serves as a fountain of inspiration to younger generation of leaders.
Our party calls on the Federal Government to immortalize Chief Akinjide for his dedication, commitment and patriotism towards our dear fatherland.
The PDP commiserates with the Akinjide family, Governor Seyi Makinde as well as the government and people of Oyo state and prays God to grant the nation the fortitude to bear this great loss.
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