NaijaBuzz

Gossip • 2h ago

Tinubu’s Aide Rebukes Peter Obi Over Remarks On Rising Fuel Prices

Tinubu’s Aide Rebukes Peter Obi Over Remarks On Rising Fuel Prices
**Fuel Price Hike: Tinubu Aide Clashes with Peter Obi Over Blame Game** In recent times, the price of fuel in Nigeria has been on the rise, leaving many Nigerians worried about the economic implications. The latest development has sparked a heated debate between President Bola Tinubu's aide, Dada Olusegun, and the Labour Party's 2023 presidential candidate, Peter Obi. In a statement, Obi pointed out that the country's vulnerability to global oil price shocks is due to the lack of a strategic petroleum reserve and inadequate planning. According to Obi, the sudden increase in fuel prices from ₦1,000 to over ₦1,200 per litre for petrol, and from below ₦1,000 to above ₦1,500 per litre for diesel, is a result of tensions involving Iran and their effects on global oil prices. Obi also emphasized the importance of strategic planning in managing economic shocks. He noted that most countries maintain a buffer reserve to cushion against supply or price shocks, and therefore are less affected when global oil prices fluctuate. However, Olusegun, Tinubu's Special Assistant on Social Media, disagrees with Obi's assessment. He argued that the recent rise in fuel prices in Nigeria is primarily due to the deregulation of the fuel market following the removal of subsidy by the Tinubu administration. Olusegun also accused Obi of being uninformed on the matter and urged him to refrain from commenting on issues he doesn't fully understand. This exchange between Tinubu's aide and Obi highlights the ongoing debate on the causes of Nigeria's fuel price hike and the need for effective planning to mitigate its effects on the economy. As Nigerians continue to grapple with the rising fuel prices, it remains to be seen how the government will address the issue and whether Obi's suggestions on strategic planning will be taken into consideration.
Source: Original Article • AI-enhanced version for clarity & Nigerian context

Share this story

WhatsApp Telegram