Franchise registrations in Saudi Arabia surge 53%, reflecting investor confidence: expert
A 53% rise in franchise registrations signals growing investor trust in the Saudi market, says University of Jeddah finance professor Abdul Latif Saber.
Abdulaziz Yari, the Director-General of the All Progressives Congress Presidential Campaign Council, defended the recent fuel price increase in Nigeria during a campaign rally in Calabar. He emphasized that the country cannot be an exception, as even Saudi Arabia, one of the world's top oil producers, has also raised its fuel prices.
Yari explained that the hike in fuel prices is not limited to Nigeria but is happening globally due to the rise in crude oil prices in the international market. He argued that Nigeria cannot remain unaffected because Saudi Arabia, which produces more oil than Nigeria, has increased its fuel prices as well. Yari advised Nigerians to understand that the price of fuel is determined by the international market rather than the government alone.
He urged the public to be patient and support the government, asserting that the removal of fuel subsidies will yield long-term benefits for the country. Yari concluded by stating, "Don't blame Tinubu, even Saudi Arabia increased fuel price - Yari tells Nigerians."
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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