July 31, (THEWILL) – A few days ago, Nollywood actress, Eniola Badmus, revealed that Nigerians are buying the cheapest fuel across the world, despite the recent petrol subsidy removal and hike in pump price.
She made this known in an Instagram live, hosted by Ifedayo Olarinde, also known as Daddy Freeze.
Badmus, who is a die-hard supporter of the ruling party and President Bola Ahmed Tinubu, had come to his defence as a result of the criticism and cry from Nigerians about the removal of petrol subsidy and the hike in petrol price.
President Bola Tinubu, while delivering his inaugural speech as president in May, said the petrol subsidy regime was over.
“On fuel subsidy, unfortunately, the budget before I assumed office is that no provision is there for fuel subsidy. So fuel subsidy is gone”, he said.
He added that the subsidy can no longer justify its ever-increasing costs in the wake of drying resources.
Shortly after that, oil marketers again increased the pump price of petrol at retail outlets to N617 per litre in Abuja and N568 per litre in Lagos.
Reacting to the development, Badmus said many of those criticising the Tinubu-led administration do not know the benefit of the petrol subsidy removal.
“As a citizen, I have a right to my opinion. I can support whoever I want to support.
“A lot of these keypad warriors do not even have an idea of what subsidy is. It was when they removed it that they knew what the government was doing. Even till now, I think we still buy the cheapest fuel in the world.
“President Tinubu remains unshakable. Aside from supporting him, I have seen what he has done and I know what he is going to do. I have never seen a philanthropist as our current president. Till he leaves the position, I will stand by him”, she had stated.
However, checks by THEWILL reveal that the actress cum entrepreneur may be diplomatic about the truth just to support the president.
According to Globalpetrolprices, a global market leader known for tracking the retail price of motor fuel, electricity, and natural gas in over 150 countries, Venezuela sells the cheapest oil across the globe. The current price goes for N3.1274 per litre.
And 19 other countries also sell petrol lower than N568 per litre, which is considered the cheapest in Nigeria today.
Countries including Iran, Libya, Egypt, Algeria, Kuwait, Angola, Turkmenistan, Malaysia, Kaza, Khstan, Iraq, Bahrain, Bolivia, Iraq, Qatar, Azerbaijan, Russia, Oman, Saudi Arabia, Ecuador, Kyrgyzstan, Afghanistan, sell cheaper fuel than Nigeria.
For instance, fuel is sold at N265.83, in Algeria, when their pump price is converted to naira at N781.85, which is the Central Bank exchange rate.
In Russia, fuel is sold for N460.509, when converted to naira, Egypt sells for N290.848 while in Angola, fuel is sold for N284.593, when converted to naira.
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