Nigerian Ex-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.
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 replacement ex-depot price of N151.56 for petrol.
PPMC, which may be a subsidiary of the Nigerian National Petroleum Corporation, NNPC, announced the new price during 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.
The Former vice chairman Twitted:
“I am a businessman. I check out things from an economic perspective. Questions beg for answers. the worth of crude is down from where it had been in 2019. within the US and Europe, fuel prices are far less than they were in 2019.
If we truly deregulated, shouldn’t fuel price have dropped?” – He added.