The Peoples Democratic Party (PDP) has called on the Federal Government of President Tinubu to review the hike in electricity tariff. The main opposition also ask the Government to revisit all the economic policies that have allegedly brought hardship to Nigerians.
Recall that the Federal Government recently introduced electricity tariff hike. The new tariff categorized customers into Band A, B, C, D, and E.
According to the new tariff, the customers in Band A are to have at least 20 hours of power supply.
Recall that the removal of fuel subsidy among other reforms of the present Government have triggered a backlash of hardship among Nigerians.
But arising from the PDP NEC meeting, the Party demanded that President Tinubu should immediately rejig his Economic Team. This, they said, is to bring in persons of proven integrity and competence without bias and vested interest. PDP maintained that this will help to assist in repositioning the economy.
This was contained in a statement by PDP spokesperson, Debo Ologunagba who spoke after the party’s National Executive Council meeting.
“NEC further demands that the Federal Government should review all policies and programmes which are stifling the economy.
It gave the policies to include the increase in the price of fuel without cushioning measures and hike electricity tariff. The NEC also pointed at the increased taxation and implementation of adverse fiscal policies.
The PDP also wanted President Tinubu to urgently convene a special National Security Council meeting. This is to proffer a holistic solution and measures to curb the disturbing insecurity inn the country.
But reacting to PDP, the Presidency faulted the party for its comment on the economy. It insisted that the government’s reforms are yielding fruits.
The Presidency said, “The results are already showing. Contrary to the pessimism and wishes of some PDP leaders, the Naira has become the world’s best-performing. It is now being appreciating by almost 50 percent against the Dollar in a few weeks.”
According to the Presidential Media Aide, Bayo Onanuga “The exchange rate is stabilizing as a convergence. It has been reached between the official and so-called parallel markets. The contrived pall of gloom cast over our nation has faded out. And renewed hope is now on the leash.”
Onanuga said, “The President’s economic team is doing well. And no sane government, will change a winning team, that is working in sync with the advisory of the private sector.
source: Channels TV
