Tinubu’s Aide Dada Olusegun Slams Peter Obi Over Fuel Price Surge, Cites Deregulation

Special Assistant to President Bola Tinubu on Social Media, Dada Olusegun, has rebuked Peter Obi over his comments on Nigeria’s rising fuel prices. He said Obi should stop speaking on issues he does not understand and called the remarks embarrassing. Olusegun posted his response on X after Obi linked recent pump price increases to poor planning and the absence of a strategic petroleum reserve. Obi had noted that petrol has moved above N1,200 per litre and diesel above N1,500 per litre. He blamed Nigeria’s vulnerability on not keeping strategic reserves and on weak planning. He argued that countries use such reserves to cushion supply and price shocks. Olusegun countered that the more immediate driver is deregulation after subsidy removal. He said prices now track global oil, exchange rates, shipping costs, and supply risks, so tensions involving Iran will show up at the pump. He added that strategic petroleum reserves are for supply emergencies, not to manage routine price swings. He said Nigeria’s deeper problems are structural, including limited refining, import dependence, and FX pressures. Real planning, he argued, is about expanding refining capacity, stabilizing FX, improving supply chains, and consistent policy. He reminded Obi that he also pledged to remove subsidy in 2023 and urged him to avoid making sweeping claims on complex energy issues.

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