Sam Amadi, a former chairman of the Nigerian Electricity Regulatory Commission, NERC, has predicted that Nigerians may face harsher economic reality in 2023 as prices of products continue to skyrocket.
According to him, the current prices of Premium Motor Spirit, PMS, popularly called petrol, and other products in the market, signals bleak economy in 2023.
Sam, an Arise TV analyst made the remark on Thursday in a tweet on his official Twitter handle.
He wrote, “How many people know that in 2023 Nigerians will experience harsher economic realities?
“People are roasting; petrol sells for 400 per liter in most rural communities. A bottle of groundnut is now N1, 200 from N400. Minimum”.