"The argument against the deregulation option is that cost of living would go up and the "masses" would suffer. To be sure, though, people are already paying higher prices for fuel. Outside Lagos and Abuja, it is uncommon to buy petrol at N87. Despite Buhari's "body language", fuel is selling above the official price in his home state, Katsina. A friend who bought for N125 in Katsina last week told me so. If marketers are still selling above pump price despite Buhari's "body language", then there is a deeper problem than we have always accepted. My grandmother used to tell me: "It is as I buy that I sell." You cannot get fuel at N100 and sell for N87. Quite simple."
Simon Kolawole