• July 29, 2021

Fuel Hike: Stop Complaining Unnecessarily, Nigeria’s Fuel Is The Cheapest In West Africa – Lai Mohammed

By Lillian Ogbonna (AGENDAWATCHDOG) – Following angry reactions from Nigerians, in the wake of the recent increase in the price of Premium Motor Spirit (PMS), also known as petrol, Nigeria’s Information Minister, Lai Mohammed, has asked Nigerians to stop complaining as the product was cheaper in Nigeria than in other West African countries.

Mohammed was speaking on Monday at a press conference in Abuja to address the recent increases in petrol price and electricity tariff, where he said that the increase to N162 per litre was tied to the increasing price of crude, adding that if the price of crude dropped again, the price of petrol will also drop and the benefits will also be passed on to the consumers.

The minister accused those lambasting the government over the increase for being mischievous as the price of petrol in Nigeria was the lowest in the West and Central African sub-regions, adding that even in Egypt and Saudi Arabia, petrol was being sold for N211 per litre and N168 per litre respectively.

Mr. Mohammed, commenting on the hike in electricity tariff, said that the increase was consequent to service-based adjustment by the Distribution Companies (DISCOS), intoning that due to the problems with the largely-privatised electricity industry, the Federal Government had been aiding the sector, adding that the government could no longer afford to continue, borrowing to subsidise generation and distribution of  a privatized electricity sector.

Agenda Watchdog

Read Previous

COVID-19 BRIEFS: Nigeria Records 155 New Cases, Taking Total Confirmed Cases To 55, 160

Read Next

Stop Reading Meanings Into The Timing Of Petrol, Electricity Tariff Increases – Pres. Buhari