PDP says N170 fuel price unbearable

Ologbondiyan stated it was additionally unacceptable given the prevailing financial crunch already confronting Nigerians.

He stated that the PDP insisted that the rise within the pump value would worsen the already “suffocating financial” state of affairs within the nation.

He added that such hike could be an extra log tied on the financial neck of Nigerians.

Ologbondiyan stated that the federal government had no justification to extend the price of gas to something above N100 per liter, not to mention N170.

He stated that there was no such justification when there have been sensible choices to keep up inexpensive value given Nigeria’s manufacturing capability and potentialities.

Ologbondiyan decried the continual improve within the pump value of gas.

He added that authorities had but to come back clear on the parameters getting used for the hike in costs vis-a-vis Nigeria’s manufacturing, export and accruing income.

He stated that power officers had withheld the info relating to the standing and quantity of oil manufacturing, gross sales and accruing income.

This in accordance with Ologbondiyan was along with authorities’s incapacity to repair our refineries and finish crude oil theft.

He added that fraud within the administration of the nation’s oil assets was chargeable for the excessive prices and hardship being suffered by thousands and thousands of Nigerians who may barely afford their meals and primary requirements of life.

He known as on President Muhammadu Buhari to take steps in fulfilment of his marketing campaign promise to revamp Nigeria refineries, whereas urging him to get extra competent fingers to run the oil sector.

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