Former Peoples Democratic Party, PDP, presidential
candidate, Atiku Abubakar, on Monday rubbished President Muhammadu Buhari’s
comparison of Nigeria’s fuel price with that of Saudi Arabia and other
countries paying higher.
Atiku, who spoke through his Media Aide, Paul Ibe described
Buhari’s comparison as, “needless and unnecessary.”
Recall that President Muhammadu Buhari had said fuel will
now be sold at N161 per litre in Nigeria.
Speaking during his Independence Day nationwide broadcast,
Buhari had noted that other nations such as Ghana, Niger, Chad Saudi Arabia
sell petrol at a higher price than Nigeria.
Faulting the president’s remark, Ibe wondered why Buhari
would compare Nigeria with Saudi Arabia, which pays a minimum wage of over
Three Hundred Thousand Naira.
According to Ibe: “That comparison is unnecessary and
needless because the situation in Saudi Arabia is different from Nigeria, I’m
told, though yet to verify that minimum wage in Saudi Arabia is equivalent of
N375, 000 so why will you compare such countries.
“It’s like comparing oranges and apples if not why you now
compare an economy where the minimum wage is N375, 000 to that whose minimum
wage is N30,000.
“The comparison is needless, unnecessary and there can be no
justification. At this point, we need to focus on our own internal challenges
and see how we can creatively address them and that was why Atiku Abubakar had
long ago said that subsidy as it was then was not sustainable and something
needed to be done.
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“Unfortunately, it’s coming at a time when the odds are all
staked against Nigeria. We are chasing the prospect of a recession, we just
came out of COVID-19 and things are very difficult for millions of Nigerians
who are trying to make ends meet, and they are now faced with this.
“The timing wasn’t a smart one, it could have been done
earlier.
“But thankfully they have come to acknowledge what his Atiku
has been saying that the subsidy regime as it was not sustainable and does not
make economic reality against the times we are in.”
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