Buhari Criticizes GEJ For Fuel Prices

Buhari Criticizes GEJ For Fuel Prices

The APC presidential aspirant Muhammadu Buhari on his Facebook account has posted a message in which he criticises fuel prices. 

The statement says that out of desperation, GEJ's government has increased subsidy payments and reduced fuel prices to N87 per lit.

READ ALSO: Nigerians React To New Fuel Price

Adressing Nigerians, Buhari urges: "Many people think it is a good decision. But it is not.You think you are paying less at the Petrol station, but you cannot experience much economic developments this way. Why? The monies that have been budgeted for Education, Security, Constructions and many more will be diverted to pay for subsidy as it was never planned."

According to the prices,  the budget estimates $65 per barrel, while crude oil costs $48 per barrel. "We are losing $17 per barrel," says Buhari.

Buhari mentioned that in recent weeks, India and Indonesia have removed fuel subsidies but Nigeria's government has decided to take on more.

READ ALSO: 2015 Budget: Presidency To Spend N815.4m On Fuel

The APC candidate says that deregulation is the solution, not increased subsidy payments.

"GEJ is seeking to buy your votes for N10, but your future cannot be exchanged for N10. He knows this move is not sustainable and so, he will definitely increase it, even more than N97, if you vote him in.He waited up until 27 days to the election to make this move," he adds.

The full statement is below:

Buhari Criticizes GEJ For Fuel Prices

"Out of desperation, GEJ's government has increased subsidy payments and reduced fuel prices to N87 per liter. Many people think it is a good decision. But it is not.

You think you are paying less at the Petrol station, but you cannot experience much economic developments this way. Why? The monies that have been budgeted for Education, Security, Constructions and many more will be diverted to pay for subsidy as it was never planned.

Budget - $65 per barrel.

Crude - $48 per barrel.

We are losing $17 per barrel.

In recent weeks, India and Indonesia have removed fuel subsidies. Nigeria's government decides to take on more.

Deregulation is the solution, not increased subsidy payments.

GEJ is seeking to buy your votes for N10, but your future cannot be exchanged for N10. He knows this move is not sustainable and so, he will definitely increase it, even more than N97, if you vote him in.

He waited up until 27 days to the election to make this move."

Source: Naija.ng

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