Babajide Ogunsanwo is the Channels Television data analyst. Jide talked about the fuel price increase and the implication of the new tariff on Nigeria’s Economy on Sunday news at 10 pm.
He had looked at prices of fuel in Nigeria per decade and dollar exchange rates per decade at the open market from 1960-2020. While presenting and discussing the result of his analysis, he told Nigerians and the world that it is getting cheaper to die in Nigeria than to live.
Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of the product, to N155.17 per liter from N147.67 per liter. The increase will leave the marketers to sell at N165-N173 per liter. The burdens are transferred to Nigeria citizens while GDP per capita in Nigeria is expected to reach N2250:00 USD by the end of 2020.
Take a look at the results below, you may share the same thought with Babajide: