00:01Nigeria is facing a sharp field price surge despite the launch of the Dangote refinery, Africa's largest.
00:09Prices have jumped by around 65%, the steepest increase among major African economies.
00:16The refinery was expected to reduce imports and stabilise costs, but Nigeria still relies heavily on foreign crude.
00:24Much of its own oil production is tied up in debt repayments to international lenders and energy companies, limiting local
00:32supply.
00:33The situation has been made worse by the ongoing conflict in the Middle East, which has disrupted global supply routes
00:40and pushed oil prices above $100 a barrel.
00:44For Nigerians, the effects are immediate and severe.
00:47Transport costs have risen, food prices have doubled in some cases, and businesses are struggling with higher operating expenses.
00:56With unreliable electricity across the country, many households and companies depend on fuel-powered generators, making them especially vulnerable to
01:07price increases.
01:07The government has not chosen to reintroduce fuel subsidies, focusing instead on long-term market reforms and limited short-term
01:16relief measures.
01:17Programmerwise and the result of the
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