Makinde urges focus on fair petrol pricing for Nigerians
Seyi Makinde, Oyo State Governor and African People’s Movement presidential candidate, has criticized the current debate on petrol subsidy in Nigeria. He believes the discussion is centered on the wrong question and that the real issue is the country’s petroleum pricing framework. Makinde argues that Nigerians should understand how petrol prices are determined and deserve fair benefits from the nation’s resources. He plans to present an alternative pricing framework soon.
What we know
- Seyi Makinde says the debate should be about the right pricing framework, not just subsidy removal or restoration.
- He emphasizes the need for transparency in how petrol prices are set, including costs, taxes, and other variables.
- Makinde rejects the idea that Nigerians should pay more to prevent smuggling into neighboring countries.
- He insists Nigerians should not bear the cost of the government’s inability to secure borders.
- Makinde plans to share an alternative petroleum pricing framework for public assessment in the coming weeks.
