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PDP To Buhari: Nigerians Can’t Survive Fuel, Electricity Price Hike

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The Peoples Democratic Party (PDP) has reacted to the increase in fuel and electricity tariffs saying Nigerians cannot survive the new policy.

In a statement issued by the PDP National Publicity Secretary, Kola Ologbondiyan, the party regretted the increment comes amid the poverty level allegedly foisted by the President Muhammadu Buhari administration.

The party’s spokesman 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 a N162 per liter fuel price and a N66 per kw/h of electricity in a country which, in the last five years, ranked as poverty capital of the world, with a frightening 23 percent 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 poverty line, as they cannot survive under a worsened economic situation,” the statement partly read.

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PDP To Buhari, Nigerians Can’t Survive Your Fuel, Electricity Price Hike

The Peoples Democratic Party (PDP) says there is no way our country men and women can survive the obnoxious hike in the cost of fuel and electricity, as currently imposed by the Buhari administration, given the level of poverty the administration had already foisted on our nation.

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.

The party described the brazen 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 increases.

Our party stands with Nigerians in insisting that there is no way our compatriots can survive a N162 per liter fuel price and a N66 per kw/h of electricity in a country which, in the last five years, ranked as poverty capital of the world, with a frightening 23 percent 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 poverty line, as they cannot survive under a worsened economic situation,” the statement partly read.

Moreover, with a N30,000 federal monthly minimum wage, which represents a 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.

We remind President Buhari that this hike will worsen the scary situation in the last five years, where compatriots are resorting to suicide, slavery mission abroad as well as selling of their children as options.

Our party therefore finds it extremely cruel and insensitive for anybody,  particularly, an official of this failed administration, to attempt to antagonize Nigerians by comparing our nation to other countries where their Presidents are working hard in providing gainful employments, running productive economies and functional infrastructure, and where citizens boast of strong purchasing power.

PDP therefore rejects the highly irrational argument by the Minister of Information, Mohammed, that fuel price is lower in some West African countries, without presenting the contradictory economic settings in those countries and ours.

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 immediate downward review of the cost of fuel and electricity can be acceptable under the current economic situation in our country.

President 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 President Buhari to end the grandstanding of his administration and listen to Nigerians before it is too late.

Signed:

Kola Ologbondiyan

National Publicity Secretary

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Buhari Seeks Senate Approval for Fresh N2.3trn External Loan

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The President, Muhammadu Buhari , has asked the Senate to approve another N2.3trillion ($6.18bn) external loan.

This is contained in a letter addressed to the Senate President, Ahmad Lawan, and read at plenary on Tuesday.

Buhari said the proposed loan which is equivalent to N2.3trillion is to finance the 2021 budget deficit of N5.6 trillion.

Buhari said the loan would enable the Federal Government to fund critical infrastructural projects in transportation, health, and education among others.

This is coming barely a month after the Senate approved the sum of $1.5bn and €995 million external borrowings for the Federal Government.

The loans were part of the $5.5 billion and €995 million external borrowings Buhari had, in May 2020, asked the Red Chamber to approve to finance various priority projects of the federal government and to support the state governments facing fiscal challenges.

Details later…

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Armed Thugs Disrupt NLC Protest in Kaduna, Wabba Accuses El-Rufai

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The protest by the Nigeria Labour Congress on Tuesday turned violent as armed thugs attacked the workers, throwing stones at them.

The workers had converged at the popular NEPA roundabout in the Kaduna capital city to continue the day two of their protest when the thugs invaded the area and started throwing stones and other dangerous weapons at them.

The attack forced many of the protesters to scamper for safety.

It is not known who actually sent the thugs, but the NLC Chairman, Ayuba Wabba has pointed accusing fingers at the state governor, Nasir El-Rufai.

Speaking with newsmen amid the protest, Wabba said he informed the DSS after he received earlier information of the plan to disrupt the protest.

“Today is a very sad moment in the history of democracy in Nigeria. Early in the morning today, we got credible information that El-Rufai has hired one Alhaji Hassan and some thugs to come and attack us.

“While we are here, they came but thank God we have chased them away because we have the number. We are not thugs And We Are Not Using Thugs we are Nigerian workers,” Wabba told Channels Television.

The armed thugs were dispersed by security operatives with teargas.

Wabba is leading day two of the NLC protest despite being declared wanted by the Kaduna State government.

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Nigeria Receives £4.2m Ibori Loot

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Nigeria has received the £4.2million seized from the associates of convicted former Governor of Delta State, James Ibori from the United Kingdom.

This is according to the Minister of Justice and the Attorney-General of the Federation, Abubakar Malami, who disclosed this on Tuesday via a statement issued by his spokesman, Dr. Umar Jibrilu Gwandu.

He confirmed that the “Federal Government of Nigeria has received GBP 4,214,017.66 of the loot associated with the family members of former Delta State Governor, James Ibori.”

According to the statement, “the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May 2021.”

Malami was said to have signed the Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.

The Minister said the development was a demonstration of the recognition of reputation Nigeria earns through records of management of recovered stolen Nigerian stolen in the execution of public-oriented projects.

On May 3, Malami had announced that the United Kingdom would repatriate the looted fund to Nigeria any moment from now.

He had explained that the President Muhammadu Buhari administration was working tirelessly to ensure the return of looted Nigerian assets kept outside the country’s territorial boundaries, adding that that the Federal Government of Nigeria was in touch with the UK government on the matter.

“Documentations with the banks in different countries often take longer than anticipated. We anticipated two weeks but we are not in control of the banks.

“There is neither complacency nor any delay as efforts are being made to ensure successful transfer of the looted funds,” he said.

He noted that the Federal Government is working assiduously to make sure that the transfer goes through successfully.

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