Africa
How Iran–US–Israel Tension Can Affect Nigeria’s Economy -By Mubarak A Moh’D GIWA
This is why I am saying this is not just foreign news. It is something that can affect our daily lives food, transport, business, school fees, everything.
When powerful countries fight in oil regions, the global economy shakes. And smaller economies feel the heat first.
My fellow Nigerians,
I was sitting down watching the news about the tension between Iran, United States, and Israel.
At first, it looked like normal political talk. But as I listened carefully, I realized this is not something small. This is power against power.
America says it does not want Iran to develop nuclear weapons. They want Iran to reduce its missile strength and stop supporting groups that threaten their allies.
Iran, on the other hand, says it is defending its sovereignty. It wants sanctions removed so its economy can breathe.
Now, some people may say, “This is Middle East politics. It does not concern Nigeria.”
But I disagree.
If this tension turns into war and Iran blocks the Strait of Hormuz one of the most important oil routes in the world oil prices will rise globally.
And when oil prices rise, petrol prices rise.
Now look at our country, Nigeria.
Yes, we produce crude oil. But we still import refined petrol. That means whenever global oil prices increase, we feel it immediately.
Imagine a bus driver in Lagos buying fuel at ₦650 per litre. Suddenly it becomes ₦900. Will he absorb the loss? No. He will increase transport fare.
A trader in Kano who transports food items will pay more for logistics. What will happen? Food prices will go up.
A small business owner using a generator because of unstable electricity will spend more on fuel. What happens next? Prices of goods increase.
You see how it works?
The war may start in the Middle East, but it ends in your pocket.
Yes, the government may earn more from crude oil sales if prices rise. But before that benefit reaches ordinary citizens, the common man already feels the pain through higher petrol prices and expensive goods.
This is why I am saying this is not just foreign news. It is something that can affect our daily lives food, transport, business, school fees, everything.
When powerful countries fight in oil regions, the global economy shakes. And smaller economies feel the heat first.
So instead of ignoring it, I believe we should think ahead.
Manage our money wisely. Avoid unnecessary spending. Prepare for possible price increases.
Because when global powers fight, it is the ordinary people who feel it most.
Now you understand what I am Saying
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