Fasehun Urges FG: To Revert To old Pump price | Independent Newspapers Limited
Newsletter subscribe


Fasehun Urges FG: To Revert To old Pump price

Posted: May 18, 2016 at 3:30 am   /   by   /   comments (0)

Seyi Taiwo-Oguntuase

LagosDr. Fredrick Fasehun, National Chairman of the Unity Party of Nigeria (UPN) has called on the Federal Government to revert the price of the Premium Motor Spirit (PMS) to its old pump price of N86.50.

Fasehun, who is also the Founder of the Oodua’s People’s Congress (OPC) warned that the group completely supports the call by the civil society groups and the Nigeria Labour Congress (NLC) that government must revert to the old pump price or face a national strike.

Speaking with newsmen in Lagos on Tuesday, Fasehun said demonstrations and strikes are the people’s constitutional right and, if the government fails to do the needful, the people shall exercise that right as it was done during Jonathan’s administration in 2014.

According to him, OPC will be part of the strike, and OPC urges Nigerians to join the strike. This strike may be our last opportunity to speak to power. It must not fail or else Nigeria and the Buhari regime are doomed to years of misrule and failure,” he said.

He said “if truth be told, the last one year of the regime of President Muhammadu Buhari and the All Peoples Congress (APC) has witnessed unprecedented change, in line with the change mantra of the current ruling party that used to be the opposition party.

“Unfortunately, the change so far has headed downfall, with Nigeria having her domestic issues amplified and magnified negatively.
“The naira is at its all-time low. Inflation has spiraled to an all-time high. When Buhari took over last year, a sachet of pure water went for N5, but now it sells for between N10 and N15. The Nigerian naira has diminished among world currencies. As against N205 in the parallel market when Buhari took over on May 29, 2015, the naira today exchanges for N385 against $1,” he said.

Speaking further he said importers are starved of foreign exchange that Nigeria has never had it this bad.
“There is famine in the land. How can tomato sell at N100 per fruit, 1,000 percent rise above its price last year? How can rice jump from N10, 000 last year to N14, 000 currently? N200 paint-bucket measure of garri is now N600, yet our leaders pretend that all is well.

“Mr. President don’t let your advisers deceive you, Nigeria has degenerated since you took over, the lives of Nigerians are harder, living standards have falling,” he said.