President Bola Tinubu has acknowledged the growing burden of high fuel prices on Nigerians but urged citizens to remain hopeful, noting that conditions are comparatively better than in some other African nations, including Kenya.
The president made this remark on Friday while addressing stakeholders during his visit to Bayelsa State, where he commissioned several infrastructure projects.
Among the projects inaugurated were a 60-megawatt gas turbine plant located in Elebele, Ogbia Local Government Area, the 630-metre Angiama-Oporoma Bridge, the Sagbama/Ekeremor Road, and a 2.9-kilometre dual carriageway in Yenagoa.
Speaking on the economic situation, Tinubu admitted that rising fuel costs are taking a toll on citizens. However, he emphasized the need for perspective, stating that Nigerians are still in a relatively better position compared to residents of some other countries. He assured that his administration would continue working on measures to ease the hardship, particularly for vulnerable groups.
The recent surge in global fuel prices has been linked to tensions in the Middle East, especially disruptions caused by Iran’s temporary blockade of the Strait of Hormuz, a key global oil transit route. The situation followed a conflict that began on February 28, 2026, before a temporary ceasefire agreement was reached with the United States, leading to a brief easing of restrictions.
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