Popular Nigerian TV host, Rufai Oseni has said that it is unrealistic to expect the prices of commodities in Nigeria to come down after it has gone up.
Gists9ja recalls that the Nigerian National Petroleum Company Limited (NNPCL) while reacting to the hike in fuel price on Tuesday had attributed the change to ‘market forces’.
The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this while speaking to journalists after a closed-door meeting with Vice President Kashim Shettima at the State House in Abuja.
Kyari said with the deregulation of the oil sector, market realities will force the price of petrol up sometimes and at other times force it down.
“This is really what is happening; this is the meaning of making sure that the market regulates itself so that prices will go up and sometimes they will come down also. This is what we have seen, and in reality, this is what (how) the market works,” he said.
However, Oseni while sharing his thoughts on the situation in the country, opined that it is delusional to expect prices to come down after going up.
He insisted that Nigeria is filled with delusional economists who do not understand how the country works.
He wrote, “It is delusional to think when prices go up in Nigeria at some point they will come down.
“Most Nigerians have their head underwater and they claim they are breathing fine. The delusional outlook-suffering and Smiling.
All I see is too many delusional economists and they hardly understand how the economy of Nigeria and its business terrain play out. If you run a small business in Nigeria you will understand my drift.”
