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Yar’Adua adopts human face option
• Moves to peg diesel at N50per litre

Apparently moved by the hardships which Nigerians are presently experiencing at various fronts, President Umaru Yar’Adua has decided to adapt a human face option into his administrative strategies.

Under the proposed strategy, the current price of diesel, among other products, will be drastically reduced to a rock-bottom price of N50 per litre.

A hint to this effect was dropped by Alhaji Abubakar Baraje, the National Secretary of the ruling Peoples Demo critic Party (PDP), in Ilorin, Kwara state.

Diesel, favoured in running trucks and heavy machinery, currently sells at between N150and N200 a litre, instead of its official price of N50 per litre.

Baraje, at an interactive session with journalists said that the government the President had set up a committee ‘’to ensure that the price of the commodity goes down to N50 per litre.’’

''At the caucus meeting of the PDP, held last week, ,President Yar'Adua put in place a very conscious effort which he called concessioning and has to do with the cost of diesel which is skyrocketing.

''He approved the setting up of a committee on concessioning, headed by Finance Minister, withagencies, including the CBN, in the team,'' Baraje said.

This apart, he said, ‘’ PDP is making frantic efforts to alleviate the sufferings of the people, knowing fully well that diesel is one major factor that powers theeconomy of the country.’’

Baraje said the seven-point agenda of the Yar'Adua administration would earn Nigeria the legacy of ranking among the best economies in the world.