Former Vice President Atiku Abubakar has stated that the disingenuous approach to fuel subsidy management by President Bola Tinubu-led administration has caused an untold economic crisis in the country.
Addressing Tinubu as T-pain, the 2023 Presidential candidate of the Peoples Democratic Party, PDP mentioned that the President is undisturbed about the hardship in the country.
“The haphazard and disingenuous approach of the current administration to fuel subsidy management has been the reason we are in this current economic crisis in the country. As things stand, there will be no let up in the escalating inflation rate, which is drowning the material well-being of Nigerians. It is even more worrying that T-pain is undisturbed by the hardship in the country. -AA”
On Wednesday, the Nigeria National Petroleum Company, NNPC announced an increase in the Premium Motor Spirit, PMS known as fuel from N898 to N998 in Lagos State and N1,030 in Abuja and other regions following the cancellation of its agreement with the Dangote Refinery.
This is the second time it’s increased the cost of fuel in one month, an amount which has skyrocketed since the inception of this administration on May 29, 2023.