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General News of Wednesday, 3 August 2022


High cost of diesel taking toll on my business - Obasanjo laments

Former president Olusegun Obasanjo has bemoaned the hardship in the country.

On Tuesday, August 2, the former president joined millions of Nigerians to lament the high cost of living among many others.

According to him, the high cost of diesel is taking a huge toll on his businesses.

He made this known at the southwest fish farmers’ congress held at the Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun state.

Obasanjo noted that the constant increase in prices of fish feed will cause fish farmers to eventually run out of business should the situation of things continue.

He was of the view that unless the farmers come together to agree on sustainable prices that could be adopted to keep them in business, things would definitely get out of hand.

His words:

“The price of diesel has gone high because the management of this country is not what it should to be. And it is as simple as that.

"Then, what will happen is that, particularly those of us who have to use a bit of diesel in producing fish, we will completely go bankrupt, and when that happens, Nigerians will still have to eat fish.

“Fish production will be out of reach and then, people will be producing fish outside Nigeria and be dumping it here. "And you will go jobless, poor and indigent.

So, what do we have to do? To come together…we want to sustain fish production and we must be able to take care of those who are going to eat and those of us who are producing.”

Obasanjo asks the farmers:

“How many of you are using diesel in your production? Because I use diesel and I’m already sweating. I’m already sweating.”