Agbakoba proposes N400 petrol, urges subsidy rethink

Nigerian human rights lawyer and former NBA president, Olisa Agbakoba, has advocated for a revision of Nigeria's fuel pricing policy, proposing that petrol prices be reduced to around N400 per litre. During the National Association of Energy Correspondents' annual conference in Lagos, Agbakoba urged presidential candidates to disclose their stances on petroleum subsidies and domestic crude pricing ahead of the 2027 elections.

He emphasized that the high cost of petrol is directly linked to the current cost-of-living crisis and called for clarification on how political aspirants plan to address the issue. Agbakoba also questioned the appropriateness of the current policy, stating that the country should consider a different price differential for crude supplied to the domestic market, regardless of fluctuations in the international market.