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USD/NGN 1,331.44GBP/NGN 1,759.74USD/NGN black market ₦1,375GBP/NGN black market ₦1,850EUR/NGN 1,487.39JPY/NGN 8.40CAD/NGN 932.79

Will one-month petrol discount reduce poverty, insecurity? Obi asks Tinubu

By Nwafor Sunday, Online News Editor Peter Obi, the presidential candidate of Nigeria Democratic Congress, NDC, has questioned whether the Federal Government’s 30-day petrol price discount would reduce poverty,…

Aggregated · originally by Vanguard
13 Oct 2026, 10:13 WAT · 3 min read
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Will one-month petrol discount reduce poverty, insecurity? Obi asks Tinubu

Petrol prices have remained a flashpoint in Nigeria since the Tinubu administration removed the longstanding fuel subsidy in May 2023, a move that sharply raised pump prices and contributed to a cost-of-living crisis marked by high inflation, a weaker naira, and widespread hardship. Government interventions on fuel pricing since then, including periodic price adjustments and short-term relief measures, have often drawn scrutiny over whether they offer lasting relief or merely temporary political cover.

Peter Obi, who ran as a presidential candidate in the 2023 election and remains a prominent opposition voice, has consistently criticised the Tinubu government's economic policies, particularly their impact on poverty and living standards. Coverage of his latest remarks varies slightly on his party affiliation, with reports identifying him as a leader of either the ADC or the NDC, but both outlets agree he has dismissed the one-month petrol price discount as insufficient to address Nigeria's deeper economic and security challenges, questioning its real impact on citizens. Details on the specific terms of the discount policy and the government's response to Obi's criticism have yet to be fully reported.