“Opposition Parties and Activists Condemn Fuel Price Hike; APC and Presidency Stand Firm”
Peoples Democratic Party (PDP) and Labour Party (LP) Denounce Fuel Price Hike by APC-led Administration
Following the recent increase in petrol prices, the opposition parties, PDP and LP, have strongly criticized the move by the APC-led administration, labeling it as insensitive and callous towards Nigerians. The PDP asserts that the new subsidy regime worsens the country’s already dire economic situation and warns that it could lead to a severe crisis if not addressed promptly. The LP goes a step further, stating that this increase marks the beginning of tougher times for Nigerians under the current government.
Calls to Restrain Nigerian National Petroleum Corporation Limited (NNPCL) from Fixing Prices
Human rights lawyer, Mr. Femi Falana, insists that the NNPCL should be prevented from further fixing petroleum product prices in the country. He argues that the NNPCL’s actions are not in accordance with the rule of law and that the recent price hike is illegal.
House of Representatives to Investigate Fuel Price Hikes
Meanwhile, the House of Representatives has resolved to set up an ad-hoc committee to investigate the continuous rise in fuel prices. The move comes in response to concerns raised about the impact of these increases on the lives of ordinary Nigerians.
APC Stands Firm on Fuel Subsidy Removal
The APC maintains its position on fuel subsidy removal, stating that the opposition parties themselves had also promised to remove the subsidy during their election campaigns. The Presidency echoes this sentiment, indicating that they will not respond to every statement made by the PDP and LP.
Incessant Hikes in Fuel Prices Lead to Public Outcry
The incessant increases in fuel prices have caused hardship for Nigerians, with the cost of transportation likely to lead to higher food prices in the market. The PDP and LP are vociferously opposed to the current government’s policies and handling of the economy, expressing concern for the welfare of citizens.
NNPCL’s Authority to Fix Prices Challenged
Mr. Femi Falana argues that the NNPCL lacks the legal power to fix prices of petroleum products in Nigeria. He refers to a previous court ruling that emphasized the government’s responsibility to set fuel prices across the country.
As of the current state of affairs, the government remains resolute in its decision to remove fuel subsidies, despite opposition and public discontent. The issue remains a contentious topic, and the situation is being closely monitored by the public and political observers.