The African Democratic Congress (ADC) says petrol prices have increased by nearly 500 percent since President Bola Tinubu assumed office.
Bolaji Abdullahi, national publicity secretary of the party,
made the claim while responding to criticism from the All Progressives Congress
(APC) in a statement on Sunday.
The ruling party had accused the ADC of inciting Nigerians
through its comments on the economic reforms introduced by the Tinubu
administration.
‘POVERTY RISING UNDER CURRENT PRICES’
Abdullahi said the opposition party was highlighting
publicly available data on the economic situation in the country.
He said reports indicate that Nigeria’s poverty rate has
risen to 63 percent from about 50 percent before the removal of the petrol
subsidy, adding that the figures reflect the human cost of the administration’s
economic policies.
He said independent surveys show that many Nigerians believe
the country is moving in the wrong direction.
“The independent report that triggered this debate shows
that Nigeria’s poverty rate has risen to 63 percent, up from about 50 percent
before the removal of petrol subsidy,” he said.
Abdullahi alleged that millions of Nigerians have been
pushed into poverty since the reforms were introduced.
He said surveys indicate that 93 percent of Nigerians
believe the country is heading in the wrong direction.
Abdullahi said 88 percent of Nigerians describe the national
economy as “bad”, while 74 percent say their personal living conditions are
“poor”.
“These are not opposition talking points. They are the views
of Nigerians themselves, APC members included,” he said.
Abdullahi said the APC’s claim that the hardship experienced
by Nigerians is temporary does not align with available data.
He said surveys show that many Nigerians have gone without
essential needs over the past year.
“Recent surveys show that 82 percent of Nigerians report
going without enough food at least once in the past year,” he said.
“Eighty-two percent have gone without medical care.
Seventy-nine percent have gone without cooking fuel. Seventy-four percent have
gone without clean water.
“Ninety-five percent have gone without a cash income at some
point during the year.”
Abdullahi said petrol prices have risen sharply since Tinubu
took office in May 2023.
He claimed that the price of petrol increased from about
N255 per litre to around N1,500 per litre in many parts of the country.
Abdullahi said the increase has pushed up transportation
costs and food prices.
He questioned how the reported N6.4 trillion savings from
the removal of fuel subsidy are being utilised.
“Nigerians are therefore left to ask a simple question: if
the subsidy savings are truly being redirected to critical sectors, where
exactly is all the money going?” Abdullahi asked.
“Why are local contractors not paid? Why are the
universities still poorly equipped?”
‘FOOD IMPORT BILL RISING’
Abdullahi also raised concerns over developments in the
agricultural sector, noting that reports indicate that nearly 90 rice mills in
Nigeria have shut down.
Abdullahi added that many others are operating below
capacity.
He said data from the National Bureau of Statistics show
that Nigeria’s food import bill has increased significantly.
Abdullahi said the food import bill rose from N3.83 trillion
in 2023 to N7.65 trillion. Noting that economic reforms should be judged by
their impact on citizens.
“When poverty rises from 50 percent to 63 percent, when nine
out of ten Nigerians say the country is on the wrong path, and when millions
struggle to afford basic necessities, it is clear that something is
fundamentally wrong,” he said.
Abdullahi said Nigerians expect policies that improve their
living conditions, adding that the gap between official claims and the
realities faced by citizens will widen if the government fails to prioritise
their welfare.
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