Exchange rate crisis will keep Nigerian fuel costs high – analyst ...News

The government’s deregulation program has more than doubled the cost of petrol Petrol prices will continue to rise in Nigeria as long as the government presses ahead with its agenda of deregulation, economic analyst and businessman Kelvin Emmanuel has told RT. Nigeria’s efforts to merge its multiple foreign exchange rates have triggered a cost-of-living crisis. Nigerian President Bola Tinubu’s office said on Thursday that there will be no more hikes in the price of petrol, after economists warned that a third increase in three months could be forthcoming.  Speaking to RT on Saturday, Emmanuel said that only the ma

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