PDP Berates Tinubu Over Plan To Deregulate Downstream Oil Sector

The Peoples Democratic Party (PDP) has berated the Presidential candidate of the All Progressives Congress (APC), Bola Tinubu, over a plan to fully deregulate the downstream oil sector.

Recall that Tinubu had in his manifesto unveiled in Abuja last week Friday said he would fully deregulate the downstream sector.

Following the disclosure, some Nigerians stated that the planned deregulation may lead to a hike in fuel prices and food inflation.

Reacting, the spokesman of the PDP Presidential Campaign Council, Daniel Bwala, said the planned deregulation of the downstream sector will lead to inflation and economic crisis.

He, however, asked Tinubu to clarify how he would deregulate the downstream sector without sparking inflation and causing hardship for the people.

Bwala said: “The APC and their candidate must clarify how they want to achieve this. It is their duty to provide this clarification.”

Another spokesman, Kola Ologbondiyan challenged Tinubu to move away from generic to specific solution-based models on how he intended to fix the troubled oil sector.

He stressed that Tinubu’s blueprint failed to answer the question of whether he would increase the cost per litre of PMS or privatize the sector to realize his goal.

“Atiku Abubakar has promised a phased withdrawal of subsidy in a manner that will not put absurd pressure on the economic life of Nigerians,” he added.