Fuel in Nigeria not cheap, stop naira-to-dollar conversion comparison - Oyelaran-Oyeyinka warns

Fuel in Nigeria not cheap, stop naira-to-dollar conversion comparison - Oyelaran-Oyeyinka warns

An economist and former special adviser to the president of the African Development Bank on industrialisation, Banji Oyelaran-Oyeyinka, has outlined why petrol priced at N1,300 per liter remains unaffordable for many Nigerians earning the N70,000 minimum wage. In a statement released on Saturday, Oyelaran-Oyeyinka warned against comparing fuel prices through direct conversion of the naira to foreign currencies, describing the approach as mislead…

Petrol N1,300 Unaffordable for Minimum Wage Nigerians - Media Talk Africa

Nigeria’s current petrol price exceeding N1,300 per liter remains unaffordable for most citizens earning the national minimum wage, according to […]Read more at Media Talk Africa