Petrol, electricity tariff increase: Kwankwaso tells Buhari to revert hike

Petrol, electricity tariff increase: Kwankwaso tells Buhari to revert hike

- Rabiu Kwankwaso has asked President Buhari to revert the recent increases imposed on the petrol pump price and electricity tariff

- The ex- Kano governor made the call on Friday, September 11, during an interview with the media

- The politician said the increases were ill-timed

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A former Kano governor, Rabiu Kwankwaso has asked President Muhammadu Buhari to revert the recent increases imposed on the petrol pump price and electricity tariff.

According to Daily Trust, Kwankwaso told the BBC Hausa on Friday, September 11, that the increment would plunge Nigerians into difficulty.

The politician stated that the timing of the petrol and electricity tariff hike was ill-timed, bearing in mind the effects of the COVID-19 pandemic on Nigerians.

Kwankwaso Tells Buhari to reverse petrol, electricity tariff increase

Rabiu Kwankwaso has faulted the recent hike on the petrol pump price and electricity tariff. Photo credits: BBC/Daily Times
Source: UGC

He pointed out that while other countries were seeking an avenue to cushion the effects of the pandemic on their citizens, Nigeria is increasing petrol and electricity prices.

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The politician asked the president to block the leakages in his administration rather than hiking the prices of the essential commodities.

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Meanwhile, confirmed reports indicate that the federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA) has taken its hands off from fixing prices for petrol.

This came after the PPPRA's executive secretary, Abdulkadir Saidu, on Tuesday, September 8, announced that from now on, factors that will determine the retail price of the product will be influenced by demand and supply and the global market.

The Cable reported that speaking on behalf of Saidu, Victor Shidok, PPPRA's general manager for administration and human resources, said that in order to prevent abuse of the government's consent, the agency will remain the regulator for marketers.

In a related report, the federal government has explained its decision to fully remove subsidy from petrol, saying the country stands to rake in over N1 trillion annually from the initiative.

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Minister of state for petroleum resources, Chief Timipre Sylva, made the comment on Thursday, September 10 while speaking to select journalists in Abuja.

According to him, the funds would be deployed to fund other critical components of the economy.

Meanwhile, the Peoples Democratic Party (PDP) has told the Buhari administration that Nigerians cannot survive the recent increase in the petrol pump price and electricity tariffs.

The spokesperson for the party, Kola Ologbondiyan, pointed out that the increment was coming at a time when many citizens were struggling to cope with the economic challenges in the country, Channels TV reported.

Ologbondiyan faulted the minister of information and culture, Lai Mohammed for justifying the increase in electricity tariffs and the petrol price.

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