Nigeria Bags N5 Trillion Oil Windfall as Fuel Prices Bite
In March and April, Nigeria earned an unexpected N5.13 trillion from oil as Brent and Bonny Light prices surged amid the US-Iran conflict. Higher crude prices, rather than increased output, drove revenues far above the 2026 budget benchmark. While the windfall offers a short-term fiscal boost, fuel sellers immediately hiked pump prices to around ₦1,350–₦1,400 per litre, deepening hardship for commuters and low-income households. My sincere question is: with this huge windfall, why is the government still borrowing so much? Would we have stayed silent if a similar borrowing spree happened under a previous administration?
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.