A chieftain of the All Progressives Congress in Cross River State, Soni Abang, has defended President Bola Tinubu over rising fuel prices, attributing the surge to global economic factors rather than domestic policies.
Speaking at a mega endorsement rally held at the Ikom Township Stadium on Saturday, the APC stalwart said international developments, including geopolitical tensions and fluctuations in global crude oil markets, largely drove the increase in the pump price of petroleum products.
Abang, who also serves as Executive Director of the South-South Development Commission, argued that it is unfair to blame the Tinubu administration for challenges that are not entirely within its control.
“Is Tinubu the one who started the crisis in Iran? These are global issues affecting economies around the world. Even at that, fuel prices in Nigeria remain relatively competitive,” he said.
He maintained that the current administration inherited a fragile economy and has since embarked on reforms aimed at stabilising the country’s fiscal outlook.
“This current administration inherited a fragile economy. But the President has now embarked on reforms aimed at stabilising the fiscal outlook of our country,” he added.
According to him, the removal of fuel subsidy and other policy decisions, though difficult, were necessary steps to reposition the economy for long-term growth.
The APC chieftain further noted that the impact of rising fuel costs on food prices was gradually easing, insisting that government interventions were beginning to yield results.
“Food prices are coming down daily. The earlier spike was manipulated by opposition elements to create panic, but the situation is improving,” he said.
Abang also highlighted ongoing infrastructure projects across the country, including major road constructions, as evidence of the administration’s commitment to development.
He called on Nigerians to remain patient and support the government, expressing confidence that ongoing reforms would soon translate into tangible economic benefits.
The rally, which drew thousands of party supporters, also featured endorsements for President Tinubu and Cross River State Governor, Senator Bassey Otu, ahead of future electoral contests.
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