Subsidy removal is the latest front burner of public discourse in Nigeria today and there is no shortage of facts to back either argument. Too bad many of these arguments ain’t backed by reality.
I have mashed data from World Bank and CIA Fact book about the average price of a liter of gasoline across different countries which you can download here. The exchange rate used at the time of computation at the World Bank was N147 to a Dollar.
The table below shows the prices at the 18 cheapest locations too bad I can’t just drive there for a fill up:
|Country Name||$ 2010||NGN 2010||Output bbl/day|
|United Arab Emirates||0.47||69.43||2,813,000|