The Peoples Democratic Party (PDP) has said that its presidential candidate, Alhaji Atiku Abubakar, has worked out a pricing template that will immediately crash the pump price of fuel in the country if elected President in 2019.

The main opposition party accused the President Muhammadu Buhari-led All Progressives Congress (APC) administration of insensitivity by failing to do the needful in the last three years.

In a statement on Thursday by its spokesman, Kola Ologbondiyan, the PDP raised objections to the reported increase in the official pump prices of diesel and kerosene.

According to the PDP, such increase will bring more economic pressure on an already impoverished nation, stressing that most businesses and homes across the country heavily depend on these products for sustenance.

The party said it has been in high level talks with top international players in the oil and gas industry.

The PDP said results of its engagements have shown that the appropriate pump price of fuel in the Nigerian market, under the current subsidy regime of the Buhari Presidency, should be within the borders of N87 to N90 per liter as against the N145 currently being charged.

The party said with the current price template of crude oil in the international market, the Buhari administration has no justification to keep the pump price of fuel at N145 per liter.

It blamed President Buhari for watching Nigerians groan under the weight of high fuel prices, while a cabal at the presidency loot the funds meant to subsidise the product.

The statement said, “The PDP notes that for every N145 paid for a liter of fuel, the Presidency cabal diverts a hidden N58, which Nigerians have continued to pay since the fuel price was increased from N87 to presumably subsidized cost of N145.

“Apart from failing to account for the over N1.4 trillion allegedly siphoned through sleazy oil subsidy deals, the Buhari-led Federal Government is burdened to account for the over N3.49 trillion stolen under the hidden N58 per liter of fuel on over 50 million daily domestic consumption estimated in the last three years.

“The PDP notes that had the Buhari administration heed wise counsel to be transparent in its dealings in governance and to engage more experienced hands on petroleum issues, the nation would not have been in the dire straits we face today.

“The party however urges Nigerians not to despair as its Presidential candidate, Atiku Abubakar, has already worked out a blueprint that will end sleazes, ensure appropriate pricing template and free resources to guarantee availability of product on a national pricing regime”.

SarkinYarki:
PDP should not tow the part of outlandish promises like Buhari did , let's keep the promises realistic , reducing fuel price is not a realistic approach instead PDP should move to improve electricity supply which in turn will reduce disposable income spent on fuel for generator by 80 percent leaving more disposable income in the pockets of Nigerians

HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD

A. NigerDock is the largest ship fabrication yard in West Africa sub region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how "Mr Job Creator" ignored the Transport Ministry then to Open bid for NigerDock.

The VP's camp preferred bidder, 'Global Energy' that agreed to increase NigerDock's workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400.

B. Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.

C. NIGERIA RAILWAY
Did @atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.

D. FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin's Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from @atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for their blunder. https:///cD7bTBBD6f.

The DLA, dated October 10, 2006, granted Resort Ltd a 99-years lease to redevelop the Federal Secretariat complex, that OBJ & ATIKU had abandoned for 7 years into 480 luxury apartments. This was at the eve of their departure from government. The transaction was one for the road.

The DLA hit the rocks when Lagos State Govt in the interest of the public indicated willingness in acquiring the Federal Secretariat complex. LASG insisted it should be accorded right of first refusal since LASG is the Issuing Authority of the C of O, coupled with other reasons.

Finally, lets compare OBJ & @atiku's first 3yrs in power to the first 3yrs of PMB that hasn't retrenched one civil servant, but has bailed out states on salaries. Lets not forget Atiku was in charge of the economy and OBJ gave him free hand until Galaxy Backbone scandal happened.

In 2002, first 3yrs of the ENDORSEE and the ENDORSER, manufacturing accounts for 6% of GDP. Nigeria's GDP fell by half for d first time in 20yrs. This was d year all textile factories in Nigeria closed down and unemployment was 28% within d formal sector alone; I repeat, alone!!

In 2002, UN estimated that 70% of Nigerians live below poverty line compared to 48.5% in 1998 under a military rule. Life expectancy fell from 54yrs to 51yrs. Two-fifth of every child below age 5 were malnourished and only 50% of d 128Million Nigerians have access to clean water.

FACTUAL REPORT ON HOW ATIKU SUPERVISED THE SALES OF OVER 145 FG INVESTMENTS AS A VICE PRESIDENT !!!

Please I do not have any partisan political agenda, rather factual report on ATIKU as a Presidential aspirant in Nigeria.

Please any or all ATIKU supporters or his campaign structure are free to deny these submission with facts not sentiments.

“As Head of National Council on Privatization (NCP), from 1999, @atiku dug Nigeria's economic grave for today's extreme poverty and unemployment.

There were over 600 federal assets when @atiku's NCP started selling.

Atiku should tell us who bought what and what was left for the country when he left power.

Nafcon
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2

In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn �

To those selling Atiku, let me remind you of @NGRSenate public hearing of August, 2011 which succinctly captures how @atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery privatization that he supervised.

This is nothing sensational. Its real life facts and all the Senators are alive today.

The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.

Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.

ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.

When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." EIA kii you there. �

FG's Five percent share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before t'was sold to Indorama.

Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.

The Atikulate Business Theory: Sell to yourself Government assets that leaves millions in penury, to set up personal businesses that provides for a few. @Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government.

Fam, the business acumen of Atiku you are bandying about is smelly.

A man who supervised sales of over 145 federal investments as a vice president, without a thought for today wants to be president.

He didnt revitalize them.

He didnt resuscitate them.

He sold them to whomever.

May Nigeria succeed

LamidiCownu:
Atiku will definitely do that when he becomes the first civilian president of Biafravd

THIS IS HOW THE 2019 PRESIDENTIAL ELECTION SHALL GO STATE BY STATE ANALYSIS.

BUHARI VERSUS ATIKU .

1. NORTH CENTRAL- (6 States with the FCT)
Niger - Atiku
Kogi - Buhari
Benue - Atiku
Plateau - Atiku
Nassarawa- Atiku
Kwara - Atiku
FCT - Atiku

2. NORTH EAST- (6 States)
Bauchi - 50% Atiku/50% Buhari
Borno - Buhari
Taraba - Atiku
Adamawa - Atiku
Gombe - 50% Atiku/50% Buhari
Yobe - Buhari

3. NORTH WEST- (7 States)
Zamfara - Atiku
Sokoto - Atiku
Kaduna - Buhari
Kebbi - Buhari
Katsina - Buhari
Kano - 50% Atiku/50% Buhari
Jigawa - Atiku

4. SOUTH EAST- (5 States)
Enugu - Atiku
Imo - Atiku
Ebonyi - Atiku
Abia - Atiku
Anambra - Atiku

5. SOUTH SOUTH – (6 States)
Bayelsa - Atiku
Akwa Ibom - 50% Atiku/50%Buhari
Edo - Buhari
Rivers - Atiku
Cross River - Atiku
Delta - Atiku

6. SOUTH WEST- (6 States)
Oyo - Buhari
Ekiti - 50%Atiku/50%Buhari
Osun - Buhari
Ondo - Atiku
Lagos - 50% Atiku /50 %Buhari
Ogun - Atiku

Ladies and gentlemen, Kindly take my analysis and permutation to the bank for safe keeps.

This is how it shall outplay and if you feel otherwise then lets wait till February 2019 which is just about 4 months away from now.

ATIKU WILL DEFEAT BUHARI HANDS DOWN.

midolian:


http://thenationonlineng.net/atiku-will-reduce-fuel-price-pdp/