President Tinubu admits fuel prices 'biting hard' as petrol hits ₦1,200/liter
President Bola Tinubu acknowledged growing economic hardship from rising fuel prices during his Bayelsa State visit Friday, saying "the fuel price is biting hard" but comparing Nigeria favorably to other African countries facing similar challenges. The ₦1,200+ per liter petrol prices reflect the impact of Tinubu's economic reforms since May 2023, which removed fuel subsidies and floated the naira - policies aimed at long-term stability but causing immediate pain. Tinubu blamed global factors, particularly Middle East geopolitical tensions disrupting energy markets, while promising government efforts to "ameliorate the suffering of the vulnerable" through economic planning and budget adjustments. With inflation rising and cost of living surging, Nigerians face difficult choices between essential expenses and other needs amid the global economic squeeze. With fuel at ₦1,200+ per liter and global factors beyond government control, how are you adjusting your budget to cope with the economic pressure?