President Muhammadu Buhari has justified the present increase in the price petrol saying there is no justification on why Nigeria’s petrol price should be cheaper than Saudi Arabia and Egypt in his independence speech Thursday morning. According to Buhari, the current economic challenges confronting the country necessitated the need to remove the wasteful petroleum subsidy….for further reading, click on https://businessday.ng/energy/oilandgas/article/theres-no-reason-nigeria-should-pay-lower-fuel-prices-than-saudi-arabia-buhari/
Source; BusinessDay Newspaper Oct1, 2020.