Sam Amadi, the director of the Abuja School of Social and Political Thoughts, has responded critically to comments made by Aliko Dangote regarding fuel prices in Nigeria. Dangote recently claimed that gasoline is approximately 40% cheaper in Nigeria compared to Saudi Arabia, a situation he described as illogical. This statement has sparked a debate about the implications of fuel pricing and economic realities in Nigeria.…..For More READ THE FULL ARTICLE HERE ▶▶...CLICK HERE TO CONTINUE READING.>>
Thank you for reading this post, don't forget to subscribe!
In his remarks, Dangote highlighted the perception among Saudi citizens that oil is a national resource that should be sold at minimal prices. He emphasized that the low cost of gasoline in Nigeria, despite the ongoing subsidies, does not align with the realities of other countries where fuel prices are significantly higher. This comparison raised questions about the sustainability of Nigeria’s fuel subsidy policy and the economic implications for the country.
According to The Cable, Dangote said, “For example, Saudis, the citizens believe that oil is our God-given gift and should not charge us for it. The government was selling it at a very low price. But today, as we speak, gasoline is about 40 percent cheaper in Nigeria than in Saudi Arabia, which I think does not make sense.”
Reacting to Dangote’s assertion, Amadi challenged those advocating for an increase in fuel prices to consider the financial circumstances of ordinary Nigerians. He posed a critical question about the average household income in Saudi Arabia, suggesting that any discussion about fuel pricing must take into account the economic pressures faced by families in Nigeria.
He said, “What is the average income of a household in Saudi Arabia?. Answer the question, Mr. Petrol Seller.”…..For More READ THE FULL ARTICLE HERE ▶▶
