Senator Shehu Sani, former federal lawmaker from Kaduna state, has spoken on what Nigerians will experience if the price of petrol becomes N340 per litre.
Sani’s comment follows a statement by the Group Managing Director and Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) that the price of petrol may range between N320 and N340 per litre after the removal of subsidy in 2022.
Taking to his Facebook page, the former senator listed what will happen if the product is being sold at such a high price.
- Salaries or wages will be worthless
- Landlords will increase the rent
- The schools will increase the tuition and parents must pay
- Food prices, transport, water and electricity bills will increase
- Though the minister of finance, budget and national planning, Zainab Ahmed, said the subsidy will be replaced with a N5000-a-month transportation grant to the poorest Nigerians, Senator Sani said the s plan cannot solve “all these problems”.