The World Bank has said that Nigerians should be paying N750 for a litre of petrol if prices are truly reflecting cost and current exchange rate. The bank’s Lead Economist for Nigeria, Alex Sienaert, stated this during his presentation of the Nigeria Development Update, December 2023 edition, titled ‘Turning The Corner (from reforms and renewed hope, to results)’ in Abuja on Wednesday. Sienaert stated that the Federal Government may still be paying for fuel subsidy, considering that fuel prices are currently not cost-reflective in the country. He said, “It does…
Read MorePetrol Price Is N750 Per Litre If Tinubu’s Not Paying Subsidy – W’Bank
