Fuel crisis: Middle East war driving pain — City Boy Movement

The City Boy Movement has dismissed calls for the return of petrol subsidy, arguing that the current hardship caused by rising pump prices is largely driven by global geopolitical tensions, particularly the conflict involving the United States, Israel, and Iran and its impact on crude oil prices. The group, through its National Director of Students Engagement and Senior Special Assistant to President Bola Ahmed Tinubu on Students Engagement, Comrade Sunday Asefon, urged Nigerians to resist attempts by 'subsidy merchants' to exploit the economic hardship to pressure the Federal Government into reversing the 2023 downstream petroleum reforms. Asefon argued that the increase in petrol prices from pre-May 2023 levels to the current range of about N1,300 to N1,400 per litre could not be attributed solely to subsidy removal, citing developments in the international oil market.

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