The Peoples Democratic party in the House of Representatives has called on President Muhammadu Buhari to as a matter of urgency reverse pump price of fuel and electricity tariff to meet the yearnings of Nigerians and realities of the moment.
The caucus chaired by its leader Mr Kingsley Chinda reached the resolution at its 18th virtual meeting, where it reviewed issues of national interest particularly, the recent cost increases by FG.
This includes increase in pump price of fuel electricity, Stamp duties, telecommunication charges and Implementation of 7.5% Value Added Tax (VAT).
The caucus noted that the COVID-19 pandemic has inflicted great hardship globally and have seen most economies fluttering.
It observed that the government ought to have devised innovative people-oriented interventions and open new frontiers to reduce tax burdens on their citizens to stimulate their economies and cushion the unfortunate effect of the pandemic.
“More disturbing is the fact that the review in electricity tariffs and fuel prices is not
Commensurate with an increase in salary or income of the people”
On the issue of increase in pump price, the caucus said that the increase inflicted on Nigerians will be the third hike since the advent of this administration.
According to you caucus, it was more worrisome as the increase is coming at such a time when, the masses are also faced with a hike in the prices of food, especially the most basic staple food items such as rice, garri and yam.