The Socialist Party of Nigeria (SPN) on Monday kicked against the recent increase in petrol price from N162 to N170 per litre by the Federal Government asking the government to revert it to the old price old price of N87 per litre.
SPN in a statement signed by its acting national chairperson , Comrade Abiodun Bamigboye and national secretary of state , Comrade Chinedu Bosah in Ibadan, said the latest hike “is the third petrol price hike in five months”.
The party also condemned the electricity tariff hike by over 100%, saying, ,”these hikes are increasingly unaffordable and rising living conditions are unbearable for the vast majority.
SPN demanded “a reversal of petrol price to N87 per litre, electricity tariff to N13 kWh and an end to privatization and deregulation policies”, adding, “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”, it said.
