Fuel price increased by 463% in Tinubu’s three years in office

Nigeria’s substance terms accrued by 463.03 percent to a minimum of N1,340 per liter on June 2, 2026, compared to the N238 per liter complaint recorded 3 years earlier President Bola Tinubu’s administration.

DAILY POST reports that successful the play nether review, the terms of substance surged by N1,102 per liter.

Tinubu announced the removal of substance subsidy connected May 29, 2023.

Fuel subsidy removal, alongside Naira speech complaint liberalization, are duplicate policies that pushed header and nutrient ostentation to 15.69 and 16.09 percent successful April 2026.

The contiguous ripple effect was the astronomical emergence successful the prices of food, rent, proscription and outgo of surviving for the bulk of Nigerians.

Reacting, economist and erstwhile President of the Chartered Institute of Bankers of Nigeria, CIBN, Okechukwu Unegbu, said Nigerians are worse disconnected nether President Tinubu than they were 3 years ago.

He rated Tinubu’s economical show astatine 20 percent, citing harsh economical realities Nigerians are presently grappling with owed to his reforms.

According to him, the country’s 3.89 percent Gross Domestic Product maturation complaint cannot beryllium traced to the marketplace and successful the live...