Former presidential candidate of the Peoples Democratic
Party, PDP, Atiku Abubakar, on Tuesday further expressed his disappointment on
the sudden increment of the pump price of petrol by the Nigerian government.
Atiku said the hike from an economic perspective was bad for
Nigeria.
Recall that the Nigerian government through the Petroleum
Products Marketing Company (PPMC) had announced a new ex-depot price of N151.56
for petrol.
PPMC, which is a subsidiary of the Nigerian National
Petroleum Corporation, NNPC, announced the new price in a statement signed by
D.O Abalaka of the PPMC.
Reacting to the increment, President Muhammadu Buhari had
blamed the COVID-19 pandemic for the hike.
The president had explained that the outbreak led to a
downturn in Nigeria’s finances, a situation that made it difficult to fund the
country’s budget.
In a new tweet, the former Vice President wrote: “I am a
businessman. I look at things from an economic perspective. Questions beg for
answers. The price of crude is down from where it was in 2019. In the US and
Europe, fuel prices are far lower than they were in 2019. If we truly
deregulated, shouldn’t fuel price have dropped?”
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