APC blasts PDP over comments on fuel price increase, says past officials stole subsidy loot

APC blasts PDP over comments on fuel price increase, says past officials stole subsidy loot

- The APC has reacted to the petrol price increase in the country

- The ruling party blamed the PDP and past governments for the situation

- The party was reacting to the PDP's criticisms over the decision by the Buhari administration

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The All Progressives Congress (APC) has blamed the opposition Peoples Democratic Party (PDP) and its past governments for the current petrol price increase in the country.

The ruling party was reacting to the PDP's statement where the opposition party criticised the Buhari administration for increasing the petrol price per litre and the electricity tariff in the country.

The APC said successive PDP governments had foisted on the country a corruption-tainted fuel subsidy regime, which is now affecting the present government.

APC blasts PDP over comments on fuel price increase, says past officials stole subsidy loot
The APC statement was sent to journalists by its acting spokesman, Yekini Nabena. Photo credit: @ynabena
Source: Twitter

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Part of the statement signed by the party's acting spokesman, Yekini Nabena, read: “We call on the PDP to surprise itself and indeed Nigerians by cajoling its cronies who ran the subsidy rackets -- many of them in hiding abroad -- to return our stolen commonwealth in their possession.

“Under the President Muhammadu Buhari administration. The tortuous fuel queues as a result of biting scarcities are gone. The reviewed petroleum products pricing template has resulted in a more transparent, efficient and realistic pricing system for petroleum products and also resulted in constant availability of fuel nationwide.

“The pricing template now reflects competitive and market-driven components which is supported by the citizenry.

“Commendably, the federal government is already working to ensure that Electricity Distribution Companies (DISCOs) commit to increasing the number of hours of electricity supply every day and also improve on their quality of service.

“Perhaps the PDP is also unaware, that the current administration has approved a one-year waiver of import levy on electricity meters so that Nigerians who do not have meters can be supplied as early as possible at a reasonable cost.”

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Legit.ng had earlier reported that Pipelines and Product Marketing Company announced that the price of premium motor spirit popularly known as petrol has been increased to N151.56 per litre.

The development comes barely five months after the commodity was reduced to N123 per litre by the federal government.

The news comes a day after the Nigerian National Petroleum Corporation (NNPC) has disclosed that between June and August 2020, it spent a whopping N5.34 billion on fuel subsidy.

The NNPC said the subsidy costs represented temporary payments to marketers who bought imported fuel and then sold it on for stocks they held when the subsidy was removed and would be spread over six months.

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