The All Progressives Congress (APC) has warned Nigerians against allowing themselves to be fooled by the many promises of the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, especially the one in which he promised to reduce the pump price of petrol to N90.
The party made this known in a statement signed by its Deputy National Publicity Secretary, Yekini Nabena on Sunday.
In the statement, the party accused Atiku of trying to deceive Nigerians with empty and unrealistic promises.
The statement read in part, “A perusal of well entrenched and verifiable market fundamentals clearly indicates that the promise is virtually anchored on fiction and limited knowledge of the petroleum industry.
“The fact as we speak is that at a petrol cost under recovery fluctuating between N60-N70 per litre propelled by vaunting crude oil price of around $81 per barrel, the only way the bogus promise could be possible albeit unreasonably, is through the re-introduction of the PDP styled subsidy payment schism which almost bled the nation to death.
“It is shocking to note that at a period when the nation is looking ahead to embrace the eventual deregulation of the downstream sub-sector of the oil and gas industry to allow for equitable private sector participation and break the seeming NNPC monopoly of fuel importation, the PDP is plotting a reversal of the spiraling wheel of progress.
“No doubt if the PDP had been clairvoyant enough in its long years’ of rulership to fix the local refineries and make them work for the benefit of Nigerians, the country would have reaped bountifully from the gains of higher price of crude oil while optimizing the benefits that comes with local processing of its God given natural resource.”