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Topic: The history of fuel price hike in Nigeria (Read 149 times)

jr. member
Activity: 36
Merit: 23
December 19, 2024, 03:58:22 PM
#10
The morals from this thread is just on the conclusion that we have been moving from better  to worst, each regime that passes is more preferred than the one we are entering. Fuel has been the driving factor in our economy, we only depend on that particularly across the country and it has landed us in deepest frustration. The price of goods and services, cost of transportation and purchasing power of the Nigerian Naira has failed and is still falling.

I doubt if life been dey sweet that time comrade as compared to now. I understand say the prices of things don really dare now but the truth be told say no matter how things cost now we no suppose use now the compare with the past especially with the ways of life and I wan also let you know say as at then, trade by barter been dey and the value of money been dey very high.
I am worried with what you mean by sweet, the only thing we have better than before is only just technology. When we talk about living healthy, back then we barley see cases of financial slavery where a person needs to work for how long to end up earning peanuts, still surprised with you saying life now is better than before, if only we could return back to how it was and enjoy same privilege's.
sr. member
Activity: 700
Merit: 270
December 19, 2024, 03:03:58 PM
#9
This goes to tell you that over years, we've not been running our economy too well, check the trajectory and see how unstable the prices of PMS has been over years. Only last year and this year, we've had 3 different prices majorly because we don't have functioning refinery in an oil based economy like ours and this is because we've not yet prioritize our major source of income as a nation, we are heavily depending on imported products not until Dangote decided to build one refinery which is not enough to satisfy the entire country of a population of over 2 million people. So the government needs to do more in bringing the dead refinery back so we can have a stable PMS pricea at least.
full member
Activity: 182
Merit: 131
RATING:⭐⭐⭐⭐⭐
December 16, 2024, 03:41:01 PM
#8
CryptopreneurBrainboss has already created a thread concerning Nigeria's fuel scacity discussion on this board. https://bitcointalksearch.org/topic/fuel-scarcity-discussion-nnpc-sells-petrol-for-n148-private-depots-n215-5431983,
There is no need to create this thread; you should just add your contribution to the formal thread.
Me I no really see anything wrong with some kyn cases of post recycling ( make I put am like that) because E fit be say the OP in question wey you Dey make reference to fit don already drown understand hundreds and piles of posts and no be everybody go get the strength to come Dey scroll that kyn scrolling, but when person come recycle the post, more people go Dey opportune to fit see and talk their mind for the matter again.

Where I believe say E bad to repeat or recycle posts, na when E be say the OP in question is still active and ongoing interaction in the thread or threads wey them don already pin for everybody to see and then person come out come still Dey create the topic again we be say you f it find am for 1st or 2nd page, Ehee in this case, we fit address the matter as jonsing.
jr. member
Activity: 98
Merit: 6
December 16, 2024, 03:24:41 PM
#7
The table shows a progressive increase, which agrees with the saying "anything that goes up doesn't come down in Nigeria" The truth is that until the refineries in Nigeria starts working then fuel price is not coming down anytime soon. The only bad thing be say na d poor masses dey suffer pass 4 everything. God go help us.
We Nigerians know that with the way things are in the country already,there is nothing we can ever do about it,and the price of fuel being the way it is,all depends the gains our political leaders are getting from it.Most of them have a share in what is going on in oil sector,and so when the fuel price is this high is when they make much gains,but only God knows how to judge them.
We the masses are suffering from it,and infact I can say we are now use to it,we are suffering and at thesame time smiling.God will help us.
jr. member
Activity: 40
Merit: 2
January 22, 2023, 12:36:05 PM
#6
The table shows a progressive increase, which agrees with the saying "anything that goes up doesn't come down in Nigeria" The truth is that until the refineries in Nigeria starts working then fuel price is not coming down anytime soon. The only bad thing be say na d poor masses dey suffer pass 4 everything. God go help us.
sr. member
Activity: 658
Merit: 441
January 22, 2023, 11:07:12 AM
#5
I doubt if life been dey sweet that time comrade as compared to now. I understand say the prices of things don really dare now but the truth be told say no matter how things cost now we no suppose use now the compare with the past especially with the ways of life and I wan also let you know say as at then, trade by barter been dey and the value of money been dey very high.
I know say the value of naira been dey very high that time but I disagree with you sir... From wetin we dey see now I doubt if things be better pass before. The only thing wey we dey enjoy now na technological advancement.

...And yes fuel price go also come down someday if the necessary measures are been taken into consideration.
For naija, price of commodites dey defile the law of gravity. if price go up e no dey come down again... But we gats dey optimistic and believe the common man prayer say one day e go better and I dey look forward to that day  wey the price of things go try come down.
hero member
Activity: 602
Merit: 442
A Proud Father of Twin Girls 👧 👧
January 22, 2023, 09:04:16 AM
#4

I come remember wetin my papa been tell me about the beautiful old days. How things be dey cheap during their time. How our papas dey tell us with joy how them buy black & white TV for N2, how dem buy motor for N10, how dem buy fridge for N3 etc. Say life been dey sweet that time
I doubt if life been dey sweet that time comrade as compared to now. I understand say the prices of things don really dare now but the truth be told say no matter how things cost now we no suppose use now the compare with the past especially with the ways of life and I wan also let you know say as at then, trade by batter been dey and the value of money been dey very high because even with the #10 naira wey you say them been dey buy motor, you go agree with me say e no still easy for them because if e been easy, almost all if not all of our grand and great grand parents for get cars even more than one.
We know that there's high inflation rate worldwide, but could it be the major cause of hike in fuel price in Nigeria? Do you believe that fuel price at some point might go down? is the hike in fuel price in recent years justified?
Yes inflation na one major cost of the hike in price of fuel price.
And yes fuel price go also come down someday if the necessary measures are been taken into consideration.

CryptopreneurBrainboss has already created a thread concerning Nigeria's fuel scacity discussion on this board. https://bitcointalksearch.org/topic/fuel-scarcity-discussion-nnpc-sells-petrol-for-n148-private-depots-n215-5431983,
There is no need to create this thread; you should just add your contribution to the formal thread.

Chairman we dey in this stuff together and I believe say even our boss @brainboss don also see this thread but no cap because we dey try grow this board together so I no really see the need of talking OP down and beside I no really think say the both threads dey tackle same thing.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
January 21, 2023, 06:49:39 AM
#3
CryptopreneurBrainboss has already created a thread concerning Nigeria's fuel scacity discussion on this board. https://bitcointalksearch.org/topic/fuel-scarcity-discussion-nnpc-sells-petrol-for-n148-private-depots-n215-5431983,
There is no need to create this thread; you should just add your contribution to the formal thread.
member
Activity: 1540
Merit: 68
January 20, 2023, 04:30:31 PM
#2
Do you believe that fuel price at some point might go down? is the hike in fuel price in recent years justified?

Fuel scarcity and inflation in naija is man made and has nothing to do with global economic recession. The pattern is clear and easy to read as a nigeria.

A: FG tells NNPC to increase fuel pump price
B: NNPC refuses and blame marketers and cause artificial scarcity
C: Marketers blame FG and sell at exorbitant prices leaving citizens with no alternatives
D: FG comes out as an avatar, increase pump price and act as the savior
E: Rinse and repeat

Hopefully, the people do justice at the polls in february
sr. member
Activity: 658
Merit: 441
January 20, 2023, 03:40:35 PM
#1


Source: https://www.researchgate.net/figure/History-of-Fuel-price-Hike-in-Nigeria_tbl1_324259601

As I stumbled on this pic, I come remember wetin my papa been tell me about the beautiful old days. How things be dey cheap during their time. How our papas dey tell us with joy how them buy black & white TV for N2, how dem buy motor for N10, how dem buy fridge for N3 etc. Say life been dey sweet that time. I know say when I been dey primary school if you carry N50 go school you be big boy but now things no dey like that because of many reasons. As I go through this table I come see how the fuel prices don increase over the years in the different military and civilian administration. We know that there's high inflation rate worldwide, but could it be the major cause of hike in fuel price in Nigeria? Do you believe that fuel price at some point might go down? is the hike in fuel price in recent years justified?
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