”Nigerians Should Pay Around N750 Per Litre For Petrol” – World Bank Tells Tinubu’s Govt.

The World Bank has raised alarms over the prevailing fuel prices in Nigeria, stating that current rates are not cost-reflective and hint at the federal government’s continued payment of petrol subsidies.

During the presentation of the Nigeria Development Update (NDU), December 2023 Edition, the World Bank’s lead economist for Nigeria, Alex Sienaert, expressed concern that fuel prices in Nigeria, currently around N650 per litre, do not align with market conditions.

He suggested that Nigerians should pay around N750 per litre for petrol.
His words: “It does seem like petrol prices are not fully adjusting to market conditions. So, that hints at the partial return of the subsidy if we estimate what is the cost reflective of the retail PMS price of the would-be and assume that importation is done at the official FX rate.

“Of course, the liberalization is happening with the parallel rates, which is the main supplier, the price would be even higher. These are just estimates to give you a sense of what cost-reflective pricing most likely looks like.

“We think the price of petrol should be around N750 per litre more than the N650 per litre currently paid by Nigerians.

It's like the west is benefiting from our pains in this part of the world

I keep saying it that the Western based WB is one of Africa's biggest enemies to her economic growth and development.Look at the demonic advice from the Antichrist ruled WB! So they enjoy seeing Nigerians suffering.
It shall never be well with them all.
Honestly,if not for China and Russia,these Western pigs and their demonic WB would have used Africa as a toilet ground.

bliss66:
It's like the west is benefiting from our pains in this part of the world

They see you guys as useless EATERS that contribute nothing to the world, especially AGBADORIANS.

“We think the price of petrol should be around N750 per litre more than the N650 per litre currently paid by Nigerians."

What sort of nonsensical statement do they mean by the above,

Why not 1k since the N650 is not cost reflective.....rubbish!!!

Tinubu played them

He stopped subsidy and NNPLC

But gave Marketers cheap Forex through Cardoso


.

Masterstroke4:
”Nigerians Should Pay Around N750 Per Litre For Petrol” – World Bank Tells Tinubu’s Govt.

The World Bank has raised alarms over the prevailing fuel prices in Nigeria, stating that current rates are not cost-reflective and hint at the federal government’s continued payment of petrol subsidies.

During the presentation of the Nigeria Development Update (NDU), December 2023 Edition, the World Bank’s lead economist for Nigeria, Alex Sienaert, expressed concern that fuel prices in Nigeria, currently around N650 per litre, do not align with market conditions.

He suggested that Nigerians should pay around N750 per litre for petrol.
His words: “It does seem like petrol prices are not fully adjusting to market conditions. So, that hints at the partial return of the subsidy if we estimate what is the cost reflective of the retail PMS price of the would-be and assume that importation is done at the official FX rate.

“Of course, the liberalization is happening with the parallel rates, which is the main supplier, the price would be even higher. These are just estimates to give you a sense of what cost-reflective pricing most likely looks like.

“We think the price of petrol should be around N750 per litre more than the N650 per litre currently paid by Nigerians.

World bank ask Tinubu how much is the minimum wage, that you're asking Nigerians to pay N750 for a liter of PMS, it's not your fault our leaders have betrayed us and stolen our wealth so when they come to borrow you are free to give them all sorts of conditions before you lend them money you know will still be stolen by them. God is watching everyone of you.