A presidential aspirant has weighed in on Nigeria's fuel subsidy debate. Gbenga Olawepo-Hashim, of the Accord Party, describes the situation as "accounting magic". He argues that the high price of petrol stems from how the government accounts for domestically produced crude oil.

Olawepo-Hashim claims that Nigerians are misled into believing the country cannot afford cheaper petrol, when the actual cost structure suggests otherwise. He attributes the inflated petrol price to the government's pricing of domestic crude oil.

Further details on Olawepo-Hashim's assessment are available, including his appearance on a television program where he discussed the issue.