By George Mgbeleke
\nThe African Democratic Congress (ADC) has described the Tinubu administration\u2019s proposed petrol price intervention as a loan to the Nigerian people, calling it a cynical and deceitful arrangement that insults common sense, even as an electoral gimmick.<\/p>\n
In a statement issued in Abuja on Friday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the party said the proposal operates on the principle of deferred payment, with Nigerians eventually paying the costs suppliers agree to absorb today.<\/p>\n
\u201cThis is not subsidy. Calling it subsidy would be dignifying it. It is another announcement this government has made without thinking through what it means for the Nigerian people.<\/p>\n
\u201cThe principle is straightforward: what suppliers forgo today, Nigerians will pay later. The government wants to announce a discount, collect the applause and leave the Nigerian people to settle the bill.<\/p>\n
\u201cEven as an electoral gimmick, it insults common sense. Nigerians know the difference between a discount and a debt. A payment postponed is still a payment owed.\u201d<\/p>\n
The party added that the separate 30-day waiver of NNPC\u2019s retail profit margin offered no lasting answer to the cost-of-living crisis.<\/p>\n
\u201cFood bills and transport fares will not disappear after 30 days. Nigerians need lasting relief.<\/p>\n
\u201cPresident Tinubu wants gratitude now and repayment later. He cannot claim to have lifted a burden while making arrangements to put it back after 30 days.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
By George Mgbeleke The African Democratic Congress (ADC) has described the Tinubu administration\u2019s proposed petrol price intervention as a loan to the Nigerian people, calling it a cynical and deceitful arrangement that insults common sense, even as an electoral gimmick. In a statement issued in Abuja on Friday by its National Publicity Secretary, Mallam Bolaji […]<\/p>\n","protected":false},"author":2,"featured_media":9056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/18374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=18374"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/18374\/revisions"}],"predecessor-version":[{"id":18375,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/18374\/revisions\/18375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/9056"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=18374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=18374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=18374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}