1,300 per litre: Tinubu saved Nigeria from global fuel crisis, says Uzodimma

1,300 per litre: Tinubu saved Nigeria from global fuel crisis, says Uzodimma

Despite the fact that the pump price of fuel has hit nearly double, Governor Hope Uzodimma of Imo State says President Bola Tinubu has shielded Nigeria from global fuel crisis as a result of the conflict in the Middle East.

Prices of fuel hit roof top globally after the barricade at Strait of Hormuz, a vital 30-mile-wide shipping lane between Iran and Oman.

It connects the Persian Gulf to the Gulf of Oman and the open ocean. As a critical global oil chokepoint, roughly 20% of the world’s total liquid petroleum consumption passes through it daily.

However, after Israel and US launched a war on Iran, the Middle East country fought back, blocking vessels from the lane.

But when members of the City Boy Movement visited him at the Government House, Owerri, this weekend, Uzodimma said Tinubu’s reforms prevented scarcity and domestic fuel price hikes, in spite the Middle East crisis.

He said that in spite the ongoing war in the Middle East, the naira remained stable at N1,240, while other African currencies faced significant volatility.

“Nigeria was almost at a decaying level when the President assumed office in 2023.

“In spite the speculative tension in the Middle East, occasioned by the crisis in Iran, the prices of fuel would have gone up but in the African continent, Nigerian naira remains stable.

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