Senior Lecturer Expresses Shock Over Fuel Price Hike Amidst Dangote Refinery Launch
A senior lecturer in the Department of Political Science at Rivers State University, Anthony Egobueze, has expressed shock over the sudden increase in the pump price of petrol, which coincided with the celebrations surrounding the official launch of the Dangote Refinery.
Speaking with Today FM’s Magnus Nwauwa on the issue, Egobueze observed that Nigerians had expected fuel products to become more available and affordable, rather than the current situation of rising prices.
He noted that the economic consequences of the skyrocketing fuel prices are significant, lamenting the steady increase in the cost of goods and services, job losses, and declining standards of living.
The political scientist emphasized the need for the government to focus on reviving the country’s non-functional refineries and establishing modular refineries to meet local demands, among other recommended measures.
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