{"id":91310,"date":"2022-01-30T07:36:04","date_gmt":"2022-01-30T06:36:04","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=91310"},"modified":"2022-01-30T07:36:04","modified_gmt":"2022-01-30T06:36:04","slug":"apc-plotting-to-rig-2023-polls-with-n3trn-subsidy-funds-pdp-hits-apc","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/other-news\/apc-plotting-to-rig-2023-polls-with-n3trn-subsidy-funds-pdp-hits-apc\/","title":{"rendered":"APC Plotting To Rig 2023 Polls With N3trn Subsidy Funds, PDP Hits APC"},"content":{"rendered":"<div id=\"m#msg-f:1723357775388549586\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The Peoples Democratic Party (PDP) has alleged that the addition of N2.5 trillion to the fuel subsidy in the 2022 budget by the President Muhammadu Buhari-led All Progressives Congress (APC) administration was a plot to rig the 2023 elections.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\nPDP noted that it has the information of how APC leaders increased the fuel subsidy in the 2022 budget to N443 billion for the leaders of the ruling party to share and rig the next year general election.<\/p>\n<p>The opposition party made the allegation via a statement issued by the PDP National Publicity Secretary, Hon. Debo Ologunagba, on Thursday.<\/p>\n<p>The statement read: \u201cThe PDP is appalled by the bare-faced move of the President Muhammadu Buhari-led All Progressives Congress (APC) administration to hide under fuel subsidy to siphon and fritter a staggering N3trillion, describing it as outrageous and unpardonable crime against Nigerians.<\/p>\n<p>\u201cWhilst the PDP is not against subsidizing petroleum products for Nigerians, our party rejects this wicked plot by the APC government to use a heavily padded fuel subsidy claims to surreptitiously funnel trillions of naira into the pockets of corrupt APC leaders and their cronies in government ahead of their shameful exit in 2023.<\/p>\n<p>\u201cThe PDP demands a full disclosure of specifics of the subsidy templates including details of cost of importation of petroleum products into the country to warrant the additional N2.557 trillion being requested by the corrupt APC administration.<\/p>\n<p>\u201cThe PDP already has information of how corrupt APC leaders pushed for the additional N2.557 trillion to the N443 billion already approved for fuel subsidy in the 2022 budget just to create a surplus as slush fund ostensibly for APC leaders to share as well as deploy to rig the 2023 elections,\u201d Ologunagba stated.<\/p>\n<p>The PDP National Publicity Secretary added that the proposed increment would be funded through external borrowings, adding that the move would further impoverish Nigerians and \u201cmortgage\u201d the future of the country.<\/p>\n<p>He said: \u201cThe APC government cannot justify the proposed increase in fuel subsidy in the face of incontrovertible evidence of slowing economy and consequential decrease in consumption of petroleum products in Nigeria due largely to the rudderless, irresponsible and insensitive economic policies of the APC as well as the adverse effect of the COVID-19 pandemic.<\/p>\n<p>\u201cNigerians have already noted that the proposed increase is consistent with APC\u2019s typical padding of fuel subsidy ahead of every election cycle. Is it not revealing that while fuel subsidy was N24 billion in 2016 and rose to N144.53 billion in 2017, it spiked to N878 billion in 2018 ahead of the 2019 elections; remained at N551.22 billion in the election year of 2019, only to drop to N102 billion in 2020, after the elections?<\/p>\n<p>\u201cIt is clear that the APC increased fuel subsidy to N1.4 trillion in 2021 and now barefacedly seeks additional N2.557 trillion to have a cumulative subsidy bill of N3 trillion in 2022 to prosecute the 2023 elections having realized that it has a tough battle with Nigerians because of its monumental failures.<\/p>\n<p>\u201cIt is even more disturbing that the proposed increase is to be funded through external borrowings, which will further impoverish Nigerians, mortgage the future of our nation and burden future generation of Nigerians just to finance the insatiable greed of APC leaders.<\/p>\n<p>\u201cThe PDP, standing with the Nigerian people, vehemently rejects the bandying of incoherent, unsubstantiated and heavily doctored figures by the APC government in its desperate lies on domestic consumption and landing costs.<\/p>\n<p>\u201cOur party challenges the APC to present the details of importation costs to Nigerians as no genuine pricing template can support such criminal increase in fuel subsidy beyond the appropriate pricing which experts posit cannot be above N500 billion.<\/p>\n<p>\u201cThe PDP therefore calls on the National Assembly to stand with the people and reject the scandalous N2.557 trillion addition for fuel subsidy at this critical time as approving such would be a great and unpardonable disservice to Nigerians.\u201d<\/p>\n<div id=\"m_2156918497506601382ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Peoples Democratic Party (PDP) has alleged that the addition of N2.5 trillion to the fuel subsidy in the 2022 budget by the President Muhammadu Buhari-led All Progressives Congress (APC)&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":80666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-91310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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