Senator Orji Uzor Kalu says Nigeria’s economy is being primarily crippled by two factors: the high price of fuel and the naira’s exchange rate against the US dollar. He makes the comments during an interview on News Central Television on Monday.
Kalu argues that relying on oil does not create a sustainable economy, especially while Nigeria continues to import basic necessities. He calls for greater domestic production across sectors and says government officials should make sacrifices to improve how the economy works. In his view, the pressure on prices affects people’s daily lives and contributes to ongoing public frustration.
Across the two reports, the main emphasis remains the same—fuel costs and the dollar/naira exchange rate—while the outlets differ slightly in how they frame his broader message about moving away from oil dependence and toward local production. Both present his remarks as part of a wider call for economic changes and productivity.
