The presidential response of the Social Democratic Party, SDP, Adewole Adebayo, has blasted the Federal Government for saying a 30-day procure on payout bought through the NNPC.
Speaking throughout an normal on Channels Television’s Politics Today on Thursday, Adebayo stated the management of President Bola Tinubu is at a loss for words.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday stated the Federal Government is providing a procure on petrol disbursed through the Nigerian National Petroleum Company Limited (NNPCL) for the following 30 days.
Reacting, Adebayo stated, “So, leverage and technique, it seems to be to me just like the pattern is really now and sincerely at a loss for words.
“There are 4 issues that they’ve created for themselves. Before you give procure, you’re affecting what we study benefit and intellectual account of the NNPC.
“So NNPC, consistent with them, buys at limitation and sells at limitation. Two issues there. One, who determines NNPC’s limitation? If NNPC’s limitation is already upper than the affordability of the level, so what occurs the next day if the NNPC limitation rises to 2000?
“If they continue in the way they are going, fuel price will hit N2000. And if by this time next year we are still mentioning President Tinubu in relation to government, fuel price will hit N5000.”
