President, Muhammadu Buhari is receiving tongue lashes from opposition, for justifing the recent increase in the price of petrol in the country, saying it made no sense for the commodity to be cheaper in Nigeria than in Saudi Arabia.
Buhari, who said this in his nationwide broadcast to mark the nation’s 60th independence anniversary, gave an indication of further hikes in the price of petrol and blamed his predecessors between 1999 and 2015 for near destruction of the country.
But opposition People Democratic Party and the PDP governors said Nigeria was not only going backwards, but also more divided under Buhari.
The President, in his speech, defended the recent petrol price hike. He said, “A responsible government must face realities and take tough decisions.
“Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre. A comparison with our neighbours will illustrate the point.
“Chad which is an oil producing country charges N362 per litre. Niger, also an oil producing country sells one litre at N346.In Ghana, another oil producing country, petroleum pump price is N326 per litre. Further afield, Egypt charges N211 per litre. Saudi Arabia charges N168 per litre. It makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia.”
Even with scare resources, I’m doing better than my predecessors, Buhari boasts
He specifically blamed those who were in charge of the country between 1999 and 2015 when he took over, saying they presided over the near destruction of the country.
Former President Olusegun Obasanjo, the late Umar Yar’Adua and former President Goodluck Jonathan were in charge of the country during the period Buhari mentioned.
The President said, “No government in the past did what we are doing with such scarce resources. We have managed to keep things going in spite of the disproportionate spending on security.