Post by Henry Emeka (@Emekus)

Even if petrol prices had stayed the same, naira collapse alone would make fuel unaffordable.
For example:

In 2015, ₦97/litre at ₦199/$1 ≈ $0.49 per litre

In 2024, ₦617/litre at ₦1,500/$1 ≈ $0.41 per litre

Fuel is not expensive in dollar terms — Nigerians are simply poorer in naira terms.

https://nairaratetoday.com/naira-history?utm_source=copilot.com

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