The Peoples Democratic Party (PDP) has enlisted what will happen to Nigerians concerning the over 200 per cent increase in electricity tariff.
It reads in the press release that the hike “will worsen the suffering of Nigerians as it will put more stress on already overburdened families, cripple businesses, result in job losses and exacerbate the prevailing frightening unemployment rate under the Buhari’s administration.
“The People’s Democratic Party rejects, in its entirety, the over 200 per cent increase in electricity tariff announced by the APC- led administration, describing it as draconian and completely against the interest and wellbeing of Nigerians
“The party charges the Federal Government to immediately rescind the obnoxious and provocative policy and consult further with Nigerians before any such tariff hike.
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“PDP described the increase in electricity tariff as a furtherance of the fleecing of Nigerians, who are already overburdened and groaning under the weight of high costs, economic administration heavy taxes foisted by the insensitive APC administration.
“It is lamentable that Nigerians, who are already suffering the devastating negative impact of the recent increase in the Value Added Tax (VAT) from 5 per cent to 7.5 by the APC administration, are now being further suppressed with increased electricity tariff.
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“Our party holds that the increase in electricity tariff, under the prevailing harsh economic conditions, is injurious to the wellbeing of Nigerians as it will further stress the productive sector and lead to an upsurge in the cost of regular and essential goods and services, including food, medicine, housing, education and other critical needs.
“This APC policy, if allowed, will worsen the suffering of Nigerians as it will put more stress on already overburdened families, cripple businesses, result in job losses and exacerbate the prevailing frightening unemployment rate under the Buhari’s administration.