Agbakoba proposes N400 petrol, urges subsidy rethink

Olisa Agbakoba, a former President of the Nigerian Bar Association and human rights lawyer, has proposed a domestic crude price differential that could reduce petrol prices to around N400 per litre in Nigeria. At a recent conference, Agbakoba urged presidential candidates to disclose their positions on petroleum subsidy and domestic crude pricing ahead of the 2027 elections, emphasizing the need for Nigerians to understand how political aspirants intend to address the cost-of-living crisis.

He challenged the conference to educate Nigerians about the relationship between crude pricing and the cost of living, and called for a rethink of Nigeria's petroleum pricing policy.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.