Peter Obi Rebuked Over Fuel Price Analysis
Peter Obi criticized Nigeria's rising petrol prices, blaming the lack of a strategic petroleum reserve and poor planning. Bola Tinubu's aide, Dada Olusegun, countered that the fuel market's deregulation is the primary factor. Olusegun argued that Nigeria's structural issues—limited refining capacity and dependence on imports—make it vulnerable to global price shocks. He noted that strategic reserves are for emergencies, not daily price control, and that Obi's campaign promise to remove fuel subsidies aligns with current market-based pricing. The exchange highlights Nigeria's vulnerability to global oil price fluctuations and the debate over effective energy policy.