General News of Wednesday, 1 April 2026
Source: www.mynigeria.com
Ambassador-designate Reno Omokri has revealed that he bought fuel at a high price during his recent visit to the United States.
According to him, fuel price hike is a global thing and not just experienced by Nigerians alone.
Sharing on Facebook, Omokri advised Nigerians to appreciate the effort of their country and Dangote Refinery because the hike in fuel price was caused by the war between Iran and the U.S.
He wrote, "I bought 45 Litres of Fuel (12 US Gallons) for ₦115K in California. Stop Condemning Nigeria. Fuel Price Hike Is Global Due To The Iran War. Appreciate Nigeria And Dangote!"
He also had words to say to those who tried to compare America's minimum wage to that of Nigeria.
He said, "Dear Citizens of Nigeria,
"On this issue of fuel prices, it is mental laziness to compare the minimum wage in America to that of Nigeria. A country's minimum wage has absolutely no bearing on petrol prices. It is like expecting Apple to sell iPhones cheaper in Nigeria because the minimum wage is lower there than in America.
"That is not how economics works. Economics does not concern itself with your emotions. The cost price of petrol is governed by how much it takes to refine crude oil, not by how much a nation's minimum wage is.
"Please fact-check me: Sudan is an oil-producing country, like Nigeria, and Nigeria has a significantly higher minimum wage than Sudan. Yet, petrol sells for about the same amount in Nigeria as in Sudan.
"Fuel is what is known as a fungible commodity in economics. This means that, aside from shipping and transportation costs and government taxes, the price of the product is generally the same anywhere on Earth, regardless of minimum wage, with only one provision, which I explain in the next paragraph.
"The only way to reduce the price of petrol and make it lower than the cost price is by subsidising it. Other than that, it is not possible!
But of course, it is easier to get emotional and insult than to engage in critical thinking."