“I spend 3 million naira on diesel every month” – Peter Okoye laments over the state of the economy

Peter Okoye, half of the legendary music band P-Square, has resorted to social media to express his concerns about Nigeria’s present economic situation. He underscored the substantial impact of rising costs on everyday life in an Instagram story, particularly in the context of soaring diesel prices.

Okoye said that his monthly diesel cost has risen to a whopping 3 million Naira. This amount, he pointed out, is approximately 20 times what he paid for his first car, which cost him 120,000 Naira many years ago.

The significant difference between these two expenses serves as a sharp reminder of the economic difficulties that many Nigerians experience.

This disclosure reveals the severity of Nigeria’s economic issues, with increasing costs affecting not only individuals but also businesses and industries. Okoye’s message resonated with many who have also felt the impact of economic fluctuations.

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