Former President Olusegun Obasanjo has expressed concern about rising diesel prices, claiming that it has harmed his fish business.
Obasanjo spoke at the Olusegun Obasanjo Presidential Library in Ogun State during a Southwest fish farmers’ congress, warning that the high cost of diesel could force fish farmers into bankruptcy.
The ex-President stated that a kilo of fish costs 1,400 naira and that diesel costs 800 naira. This is comparable to the selling price of the fish. As a result, he cannot produce a kilo of fish and profit at the same time.
He went on to warn the fish farmers not to sell their fish for less than N1,500, as doing so would result in a significant loss on their part.
Obasanjo urged fish farmers to form a national association because it was the only way they could face the challenges ahead.
He also blamed the Buhari administration’s carelessness for putting Nigeria in this predicament.
Obasanjo Expresses Concern Over High Cost of Diesel In Nigeria