The World Bank has said the federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective. It said Nigerians should pay about N750 per litre as against the current price of N650 in some places. Reports have it that petrol is already selling at around N690 in Kano and Sokoto, and over N700 per litre in far northeastern states of Yobe and Borno. With current prices, many Nigerians have parked their vehicles even as costs of basic necessities of life have skyrocketed…
Read MoreWORLD BANK ADVISES TINUBU TO RAISE FUEL PRICE TO N750 PER LITRE TO SUSTAIN ECONOMY
