⛽ FROM OBASANJO TO TINUBU: WORK HOURS REQUIRED TO BUY 1 LITRE OF PETROL 🇳🇬
💰 Minimum Wage.
Obasanjo (2007) — ₦5,500
Yar’Adua (2010) — ₦7,500
Jonathan (2015) — ₦18,000
Buhari (2019) — ₦30,000
Tinubu (2023–Present) — ₦70,000
⛽ Average PMS Price.
Obasanjo — ₦47.50/L
Yar’Adua — ₦65.00/L
Jonathan — ₦76.00/L
Buhari — ₦148.50/L
Tinubu — ₦1,532.96/L
⏳ Worker Time Required to Buy 1 Litre of Petrol.
Obasanjo — 1 hour 23 minutes
Yar’Adua — 1 hour 23 minutes
Jonathan — 41 minutes
Buhari — 48 minutes
Tinubu — 3 hours 30 minutes
Fuel affordability improved from the Obasanjo era to the Jonathan era, when a minimum-wage worker needed about 41 minutes of work to buy a litre of petrol.
#Statisense
(NBS, NLC, Trading Economics)