How does Nigeria's fuel price compare to other oil-producing countries?
Other oil-producing countries have used their natural resources to ease the burden on their people, not to punish them at the pump. Nigeria has turned that upside down: our people earn less, live under greater pressure, and still pay more for fuel that drives transportation, farming, food distribution and manufacturing. Libya, despite years of instability, sells petrol at roughly ₦34 a litre. Nigeria sells it at roughly ₦1,400 a litre. That is not just a pump-price issue, it is an affordability scandal.
Where this comes from
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These countries did not conclude that oil production requires punishing citizens at the pump. In different ways, they have used their natural-resource advantage to moderate the energy burden on their people. Nigeria has turned that advantage upside down. Our people earn less, live under greater pressure and yet pay more for the fuel that drives transportation, farming, food distribution, manufacturing and virtually every aspect of daily life.
And, Bola, Atiku is particularly ashamed on your behalf when he looks at Libya. A country battered by years of political instability still sells petrol at roughly ₦34 per litre and ranks around 115th globally in human development. Nigeria sells petrol at roughly ₦1,400 per litre and ranks around 164th.
How did your celebrated reform leave Nigerians paying vastly more for fuel while enjoying a lower standard of human development? That is not merely a pump-price debate. It is an affordability scandal.