Nigeria: High Cost of Diesel Taking Toll On My Business - Obasanjo

"The price of diesel has gone high because the management of this country is not what it should be.", has said the high cost of diesel as well as the exchange rate in the country is adversely affecting his fish business.

Mr Obasanjo noted that the rise in cost of diesel as well as constant increase in prices of fish feeds will eventually run Nigerian fish farmers out of business. "The current price of diesel at 800 per litre, production of a kilogramme of fish is N1,400. In order to make very marginal profit, the farmers can't sell less than N1,500 as anything short of that amounts to outright loss," said the former president.

"The price of diesel has gone high because the management of this country is not what it should be," he said.

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