Post by Innocent Okechukwu (@Vision2030)
Fuel price in USA: ₦1,562/litre
Fuel price in Nigeria: ₦1,420/litre
Minimum wage in USA: about ₦1.59 million/month
Minimum wage in Nigeria: ₦70,000/month
Read those figures again.
We are buying fuel at almost the same price as Americans, while the minimum wage we're comparing is roughly 22 times higher in the United States.
This is what Tinubu's fuel subsidy policy has done to the purchasing power of the average Nigerian.
The question is no longer just How much is fuel?
But how much of your income does fuel consume?
Tinubu and his cohorts have made life unnecessarily difficult for ordinary Nigerians.
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Comments
Omoniyi Abiola: Huge difference
Omotoso Taiwo Yemi: Iyanu a sele, God will help us
Felix: The real issue is not just the pump price, but what remains in a worker’s pocket after paying for basic needs; purchasing power is where the hardship becomes painfully clear.
Felix: The real issue is not just the pump price, but what remains in a worker’s pocket after paying for fuel, food, transport and other essentials; affordability matters as much as the price itself.