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PDP warns FG against another fuel price increase

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Tiamiyu Saheed Oluwatosin
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calendar-icon Posted on: 2021-02-15 13:25:42
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The Peoples Democratic Party (PDP) has warned the Federal Government against further increase in fuel price in the country.
A statement by the National Publicity Secretary of the party, Mr Kola Ologbondiyan in Abuja on Saturday, lamented that Nigerian People were already faced with economic hardship following the November 2020 increase in the price of fuel to N170 per litre, adding that further hike in fuel price would worsen the situation.
He said that Nigerian People might not survive a further fuel price increase with its attendant increase in cost of goods and services.
“This will worsen the current economic situation, where over 90 million citizen live in abject poverty, with an alarming 23 per cent unemployment rate and many more living below N500 a day,” he said.
He said there was no justication in comparing Nigeria’s fuel price with those of other countries whose citizens have better purchasing power.
“With a N30,000 monthly minimum wage, which represents N1,000 daily wage, compared to a countries like Saudi Arabia with a monthly minimum wage of 3,000 Riyals; a daily pay of100 Riyals (N10,161).
“There is no foundation to base fuel price in Nigeria with that of Saudi Arabian where citizens earn ten times higher.
“Our party therefore rejects any contemplation towards fuel price increase,” he said.

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