Economic commentator Zekeri Idris has drawn attention to Nigeria’s current economic challenges, highlighting the persistent high cost of fuel, vehicles, and foreign exchange.
In a recent statement, Idris questioned popular claims that fuel prices have dropped, asking, “You will say fuel has come down from 1500. Who took it to 1500? Same for Dollar…” He stressed that such narratives overlook the broader economic reality facing Nigerians.
Idris also pointed out that the price of a car manufactured in 2002 is now significantly higher than it was at the time of production, illustrating the impact of inflation and currency fluctuations on everyday commodities.
“The economic reality is that prices have continued to rise over time, affecting the cost of living and purchasing power for ordinary Nigerians,” he added.
Analysts say Idris’ comments underscore growing public concern about inflation, currency devaluation, and the need for sustainable economic policies to ease financial pressure on households.
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