Renowned Islamic scholar, Sheikh Aliyu Ibrahim, has expressed his dismay over the current economic situation in Nigeria, triggered by the recent increase in the pump price of Petroleum Motor Spirit (PMS), also known as petrol.
Recall that the Nigerian National Petroleum Company Limited (NNPCL) announced a fuel price hike from N617 per litre to N897 on Tuesday, causing widespread chaos across the country. The increase has led to a surge in transportation fares and prices of goods and services.
In a viral video, Sheikh Ibrahim vehemently criticized the price hike, describing it as “total madness”. He questioned the wisdom of the advisors who recommended the increase to President Bola Tinubu.
Sheikh Ibrahim further stated that the fuel price hike would have severe political consequences for President Tinubu, predicting that it would cost him his re-election bid in 2027. He emphasized that no reasonable person would support the re-election of a leader who oversaw such a drastic price increase, from N180 to N1,000 per litre.
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