Ad image

SPN condemns hike in fuel price, calls for resistance

David Adenekan
David Adenekan
Fuel: Regular supply of product will no longer be guaranteed -Marketers
Petrol sale

The Socialist Party of Nigeria, SPN, has condemned the increase in petrol price from N162 to N170 per litre, the third petrol price hike in five months.

This is as the party also condemned the electricity tariff hike.

It described the hike in prices as increasingly unaffordable and making living conditions unbearable for the vast majority.

It called on Nigerians to resist increase in prices because they would continue unabatedly as long as capitalist neo-liberal policies were implemented.

Said SPN in a statement issued by its Acting National Chairperson, Abiodun Bamigboye  and National Secretary, Chinedu Bosah: “SPN demands a reversal of petrol price to N87 per litre, electricity tariff to N13 kWh and an end to privatization and deregulation policies. We demand the building of new refineries, fixing of the existing refineries, provision of basic infrastructure in the power sector and other sectors of the economy

“The Buhari-led capitalist government adopted, just like its predecessors, the anti-poor neo-liberal capitalist policies, which are responsible for the perennial criminal hikes because it protects the profit interest of the privileged big business at the expense of the vast majority. It is the implementation of these capitalist policies that have created mass poverty, mass unemployment and mass misery and simultaneously created a handful billionaires. On the excuse of the COVID-19 pandemic, the conditions of millions of workers have been calamitously affected through mass sack, redundancy and cuts in salaries. Cost of living is skyrocketing, for instance, the price of a bag of 50kg rice is about N30,000, the value of the minimum wage that is yet to be implemented by many states.

“The Buhari-led government has failed to develop the economy despite its promises, infrastructure remains in a terrible state including the failure to fix existing refineries and build new ones. The power sector infrastructure remains comatose and many communities plunged into deeper darkness despite spending over $20 billion in the last 13 years. The government lacks the capacity to develop the economy because it pursues the ambition and interest of a few local and international profiteers at the expense of the vast majority. The working masses are being forced to pay for the failure of the capitalist ruling elite.”

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *