Wednesday, September 23, 2020

PDP, Atiku’s position on deregulation, height of hypocrisy – APC

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Atiku Abubakar

The ruling All Progressives Congress, APC, has rebuked the People’s Democratic Party PDP and its presidential candidate in the 2019 elections, former Vice President Atiku Abubakar, for condemning the recent increase in electricity rates and the price of the fuel pump, describing it as the height of hypocrisy.

He accused Atiku of being double-faced and lacking in integrity if after promising to deregulate the economy during campaigns, he can now go back to criticize the administration of President Muhammadu Buhari for doing exactly what he (Atiku) had promised to do if elected .

“The reaction of the PDP and Atiku to what many experts have deemed inevitable clearly shows the height of hypocrisy displayed by them on many issues related to the progress and welfare of Nigeria,” the ruling party said on Wednesday.

APC in the statement of its National Undersecretary of Advertising, Yekini Nabena said that as true patriots, renowned groups and organizations make honest contributions to the reactions on the deregulation of electricity and gasoline prices, received with astonishment some comments attributed to the PDP and Alhaji Atiku, condemning the decision of the Buhari administration to deregulate the PMS sector.

He described as “worrying the action of the presidential standard-bearer of the PPD in the general elections of 2019”, and said that “it is quite regrettable if really, the comments reported by a section of the media, condemning the elimination of the gasoline subsidy , are attributed to Atiku “. Abubakar ”.

Part of the statement of readings; Atiku’s comments clearly reveal both faces and portray him as a man who not only lacks integrity, but should never be trusted. Atiku continues to justify the majority of Nigerians who rejected him at the polls. This is mainly due to the fact that he was part of the government that created the monster of the “corrupt gasoline subsidy” and also of the chaos in the electricity sector.

Another portrait of Atiku’s hypocrisy was his pretentious promise to deregulate the oil sector later by privatizing the NNPC. Atiku made the sale of NNPC to his friends and the deregulation of both the PMS and the electricity sector the hallmark of his misadventure in the 2019 presidential election.

“Atiku argued in different forums in 2018 and early 2019 that the NNPC and the electricity sector must be dissolved through privatization if they are to be efficient.

“Citing his specific words on the privatization of the NNPC as a springboard for deregulation of the downstream sector, Atiku said: ‘Privatizing the NNPC would be an advantage for us. We are not going to lose anything, but we prefer to gain a lot, “according to a story in The Guardian on January 17, 2019.

“During the campaign and as reported by Reuters on November 19, 2018, ‘Abubakar of Nigeria promises to boost oil investment, cut subsidies if elected.’ The news report added “Abubakar said he would eliminate subsidies on imported fuel and let the market determine price.”

“Once again, his campaign platform, during the elections, also revealed: ‘The liberalization of the downstream sector of the oil industry to, among others, allow market-denominated prices for Premium Motor Spirit and eliminate subsidies for its consumption. ‘.

“Recently, specifically in June 2020, Atiku, in a tweet, praised the Buhari administration’s campaign to eliminate the gasoline subsidy, saying that ‘the cessation of subsidies and pricing is a correct move, although It should have happened earlier when the economy was stronger. ‘

“FG and state governments should proceed to remove other impediments and deploy incentives to stimulate investment in the sector, especially the many refineries that have been licensed but not yet built. Then make sure the fuel quality meets established standards. “

“Even Atiku’s economic adviser, Mustapha Chike-Obi, has the decency to praise the decision to eliminate subsidies for gasoline and electricity.

Adding her views to the debate, Chike-Obi tweeted, “The gradual dismantling of subsidies by the Buhari Administration is good advice. It was unsustainable and this policy adjustment, although late, is the right economic decision. We must not oppose good policies on behalf of the political opposition. “

“Judging from its record as the party that instituted the highly corrupt subsidy regime in the oil sector, the PDP lacks the moral credentials to question honest and transparent action by the Buhari-led administration to find lasting solutions to the problems caused. For the party. in the years that he directed the affairs of the country.

Describing the deregulation of the price of gasoline by the APC-led government as callous and cruel is quite sarcastic and ironic, given the pain and anguish that Nigerians suffered in long lines at gas stations when the government led by the PDP presided over a very corrupt subsidy regime.

“Therefore, it is ridiculous for the same group of people to turn around and condemn the decisions made to fix the disorder they created in the system. The outbreak of the PPD once again exposes its true fraudulent character and its plot to patronize Nigerians and make them suffer in perpetuity by maintaining a fraudulent subsidy arrangement that feeds a few individuals at the expense of the masses.

“Judging from the above, the PDP, Atiku Abubakar, and the comments attributed to them should not be taken seriously, as they simply lack the decency necessary to guide Nigeria and Nigerians on the path of prosperity and progress. ”.

APC said that compared to PDP’s failed past, under the administration led by President Muhammadu Buhari, the revised petroleum product pricing template has resulted in a more transparent, efficient and realistic pricing system for products. derived from petroleum and has also resulted in a constant availability of fuel throughout the country.

“In line with the push to deregulate the oil sector, the price template for petroleum products now reflects competitive and market-driven components that, in turn, have freed up cash to fund continued development of critical infrastructure. in all the country”.

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