It is definitely a valid concern because Nigeria’s economy remains heavily dependent on oil exports and refined product imports, meaning any disruption in the Middle East usually sends global crude prices soaring. While a spike in oil prices can sometimes bring a temporary boost to government revenue, the reality is that the increased cost of importing petrol often outweighs those gains, leading to intense pressure on our local fuel pump prices. The current state of our foreign exchange reserves makes us quite vulnerable to these external shocks, and it is likely that the government would struggle to maintain current pricing without further intervention or deregulation. Honestly, it would be wise for households to prepare for potential inflationary pressure on transport and goods, as any global instability in oil-producing regions rarely stays isolated from the Nigerian market. Balancing fiscal stability with the burden on citizens will be a major test for policymakers in the coming months, and we should certainly keep a close eye on how the global oil benchmarks behave.