FUEL PRICE HIKE: PDP BREAK SILENCE OVER FUEL PRICE HIKE BY TINUBU-LED GOVERNMENT

The Peoples Democratic Party (PDP) has condemned the recent increase in fuel price to over N1,000 per litre, describing it as a “brutal assault” on Nigerians.

The party on Wednesday accused the Bola Tinubu-led federal government of being “anti-people” and “unconcerned” about the suffering of millions of Nigerians.

In a statement by its National Publicity Secretary, Debo Ologunagba, the PDP lamented that the persistent increase in fuel price without regard for the people’s wellbeing is akin to “pushing Nigerians to the wall.”

The party noted that over 150 million Nigerians have sunk below the poverty line, businesses are collapsing daily, and the Naira is exchanging for over N1,600 to a Dollar, with high inflation and unemployment rates.

The party said, “There is practically no hope in sight under the current APC government policies as major multi-national companies continue to exit our country in droves in the face of ill-conceived and ill-implemented macro-economic policies.

“The admission by the APC-led Federal Government that it has handed the fate of Nigerians to oil racketeers in the name of free market economy further validates the position of the PDP that the Tinubu-led administration has abdicated the primary purpose of government; which is to provide for the welfare and security of the citizens.

“President Tinubu is the Minister of Petroleum Resources and cannot exonerate his government and officials from the secretive and fraudulent management of the petroleum sector which is fast pushing our nation’s economy to the precipice.”

It further said, “APC has now become an enabler of a cabal of corrupt APC rent-seekers who apparently derive pleasure in inflicting pains on Nigerians while hugely benefiting from the proceeds of incessant increase in fuel price to satisfy and fund their luxury appetite and consumption.

“With the hopeless state of affairs of our nation today, our Party wonders what President Tinubu, during his numerous trips abroad, says to his foreign counterparts in nations where leaders prioritize the welfare of their people!”

“With a deft, transparent and innovative management of resources, economic potentials, comparative advantage and national refining capacity, petrol should not sell more than N250 per litre in Nigeria.

“The PDP calls on President Tinubu to save the country from further socio-economic dislocation by immediately reversing the latest provocative increase in fuel price and revisit all life-discounting and suffocating policies of the APC government,” PDP added.

DANGOTE REFINERY: TIME TO DISMANTLE YOUR DEPOTS, SELL THEM AS SCRAPS – OTEDOLA TO OIL IMPORTERS

   Otedola

Billionaire business mogul, Femi Otedola, has told owners of oil depots in the country to dismantle their depots and sell them as scrap.

Otedola said this following the announcement earlier on Tuesday that Dangote Refinery is now fully ready to churn out petroleum products, including the Premium Motor Spirit also known as petrol across the country.

News reports have it that the President of Dangote Refinery, Aliko Dangote, on Tuesday announced the rollout of Petrol from his 650,000 barrels per day.

He had in an earlier report said that the Petrol from the refinery will be available in the Nigerian market in 48 hours depending on the Nigerian National Petroleum Company Limited.

Otedola, in a post on X, said the development has practically put an end to the business of fuel importers in the country.

“..You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long,” he wrote.

“Now, with your refinery in full swing…the depot owners should take heed—it’s time to dismantle those depots and sell them as scrap while the market is still high.

“The world has changed, and those who do not adapt will be left behind.”