This Article is About
backup generators
true motives
petroleum products
Nigeria Fuel Price Hike - Beneficial?
Join 1000's of Authors at StreetArticles Today!

The Nigerian Authority has began or better still Implemented a plan to remove fuel subsidy resulting in a hike in fuel price. Currently the Nigerian government claims to have spent more than $8bn in the past year, claiming this is one major reason for the poor infrastructural facilities in place.

As of this morning filling/service stations have increased the fuel price from 65naira ($0.4)to 140naira ($0.85) resulting in a 115% increase in fuel price. This is by far the most expensive the Nigerian fuel has ever been. This the Nigerian authorities claim is for the benefit of the masses. How true is this.

Some Interesting Facts

Nigeria who is a top producer of crude oil and one of the biggest in Africa, imports petrol due to its lack of functional refineries.

Nigerians seriously make use of fuel, because of the great number of Nigerians making use of cars(both sound and dilapidated ), another reason is the erratic power supply (too many businesses will crumble without backup generators most of which use fuel).

As many times as there have been refineries built in Nigeria or repaired it is shortly rendered useless one way or another.

Fuel subsidy is the only real benefit that an oil rich nation dubbed 'the giant of Africa' offers to its numerous citizens.

The PPPRA (Petroleum Products Pricing Regulatory Agency) said that the Nigerian Inhabitants can be sure that the supply of quality products will be adequate and the prices will be "competitive and non-exploitative".

Let us attempt to find the correlation between the facts above, and see if the true motives of Nigeria as a motherly nation is pure.

As a top producer of crude oil and one of the biggest in Africa, who has made much wealth from crude oil exportation (aside from other numerous natural resources, agriculture etc), a nation where majority of its populace, rely heavily on fuel for both domestic and commercial uses, there are just too many reasons why Nigeria should have, not one but several functional refineries.

Its can be because we are heavy producers of the basic component for petroleum products, which is crude oil (it just makes sense to explore and refine).

It can also be because having refineries creates more job opportunities for the citizens of Nigeria.

You could reason that, with its serious rate of use it is more cost effective (either for the government or for the citizens), to have refineries set up and properly maintained in Nigeria.

What if we explore and export, then we refine and also export. Double money making opportunity for Nigeria, double employment opportunities for Nigerian citizens.

How much is it to set up a refinery and maintain it compared with the claimed subsidy figures, that had been reoccurring and now laid to rest.

Why didn't the government revive even a small part of its refineries before removing the fuel subsidies?

Yet it is claimed that it is all for "the long term benefit of the country", in what way if I may ask?

It will be claimed that refineries were built but security and other logistic reasons made them crumble. This by a nation that is "the giant of Africa", you can help bring security to other countries but securing, a few square miles within a state(s) where a very important possession is kept is impossible. Don't even get me started.

And finally the Petroleum Products Pricing Regulatory Agency said that Consumers are assured of adequate supply of quality products at prices that are competitive and non-exploitative. Do you think we are fools, what is it in this country that is not influenced either directly or indirectly by the price of fuel?

What clear measures are in place that will stifle the effect of the increase in fuel price? When you say "prices that are competitive and non-exploitative", are you talking about from your perspective based on your salaries and the vast amount of money available to you for embezzlement, or from my perspective based on the money available to me as an average Nigerian? Do you even know how much your citizen feed with averagely?

How do you control the greed of a populace, that is witness to an advancement in the corruption of all its leaders, irrespective of the sector? How many states have implemented the increase in the national salary scale? As of the time this is in writing, the Kwara state government is yet to pay its workers 2 months salaries, reason, ensuring that there are no ghost workers taking advantage and collecting salaries.

I planed writing this objectively and unbiased, but the facts are just infuriating. What is the solution to this, well if you are religious, pray for the future paradise that you believe God will bring to this world, if not. Try believing in an entity

Street Talk

No comments present
You May Also Like
Backup Generators For Emergencies
What's The Best Backup Home Emergency Generator? Backup generators used for emergencies are frequently diesel for good reasons. Of course generators of all types, not just emergency, are great. Diesel is a particularly good design for them all. For your house, or for your industrial application, diesel is often the…
By: Jim Wallace in  Home Improvement  >  Tools and Equipment   Aug 02, 2011  
  Likes: 0

Shtf 2012 Preparation: Power Outages And Emergency Lighting
Maybe you believe that 2012 will bring "just" an economic collapse or "the end of the world as we know it" (TEOTWAWKI) as some fear. Either way, you will want to have some sort of a plan for emergency lighting if the power grid goes down altogether or becomes less…
By: Mike Kuykendall in  Reference and Education  >  Survival and Emergency   Dec 22, 2011  
  Likes: 0

Power Outage, Are You Prepared?
It's hard to imagine life in the 21st century without electricity. But a man made or a natural disaster could cause a power outage, which may last for an extended period of time, sending us back to the 1800s (pre-industrial level of technology). In the case of a complete power…
By: michael jon in  Home and Family   Jul 06, 2011  
  Likes: 0

Minister Of State for I&b Col Rajyavardhan Singh Rathore Promotes Film Industry at Cannes
Bollywood’s International success is a major example of the fact that Bollywood has become a desire of everyone. India is a particularly complex market, encompassing many languages and cultural phenomenon. Indian films are slowly gaining momentum in the International market and in a span of more than a decade, many…
By: World News Network in  News and Society  >  Economics   May 18, 2016  
  Likes: 0

Costs for Professional Automatic Enrolment Services
The more you read about the complicated requirements of the Pension Act 2008, the more concerned you get: it is high time to call to your rescue the best experts in managed auto enrolment services! Not only they meet the highest standards of professionalism but they also surprise you with…
By: Sheraton Veranda in  News and Society  >  Economics   May 12, 2016  
  Likes: 0

Nasik Boy Vikram Singh to Debut In Bollywood
Some actors struggle to find a foothold in the quagmire called Bollywood whereas some fly straight to the top where some Bollywood young debuts are golden making instant hits while some are totally tragic that dig graveyards. Every year hundreds of young aspiring actors come to Mumbai with the hope…
By: World News Network in  News and Society  >  Economics   Apr 30, 2016  
  Likes: 0

What Are The Documents Required For Rupay Bank Account (pmjdy)
Today we are going to share the how to apply for Pradhan Mantri Jan Dhan yojana(PMJDY) or open Jan Dhan yojana account 2015 , scheme and all of the information related to Pradhan Mantri Jan Dhan yojana(PMJDY) and it's benefits. Our team will always try to give their about Pradhan…
By: kankan219 in  News and Society  >  Economics   Mar 26, 2016  
  Likes: 0

Union Budget 2016 - 17 And Impact on Education Sector
(writes Dr. Paroma Mitra Mukherjee, Faculty at MDI Murshidabad) In Union Budget 2016, Arun Jaitley, Hon’ble Finance Minister, took the challenge to stick to the fiscal deficit at 3.5% of Gross Domestic Product (GDP) for 2016-17, after achieving the 3.9% of GDP target in 2015-16. Along with the background like…
By: DebriN Synergy in  News and Society  >  Economics   Mar 07, 2016  
  Likes: 0

How to Determine the Worth Of A Junk Car
There are thousands of junk vehicle and equipment lying around in unkempt fields, old garages, backyard sheds, and more. These vehicles may seem worthless, but they are actually still valuable assets that can be sold to a scrap metal yard or junk car buyer for cash! If you are one…
By: Sarahbeth in  News and Society  >  Economics   Feb 20, 2016  
  Likes: 0

Find Coach By Way Of Using Aso App Store Optimization Zero Cost Online Flash Games
A lot of consumers are generally ingested aback whenever they find that the app store optimization companies particular free of charge viewing publicised isn't really devoid of a few limits. A lot of financial institutions provide free of charge viewing exclusively to opportunity seekers whom go with one on one…
By: appgamenews in  News and Society  >  Economics   Jan 21, 2016  
  Likes: 0

Do Advertisements Really Have to Be Crappy?
Commoners are constantly bemused with promotional messages and slogans to grab their attention and manipulate their minds more than ever. Businesses are practically hell bent on outdoing their rivals to gain control over the market and get the bigger share of the pie. Advertising has become mandatory in getting the…
By: Adam Lee in  News and Society  >  Economics   May 31, 2016  
  Likes: 0

Managing And Disposing Excess Paint
Painting is the easiest and the most economical way to modify the outlook of any room. Home owners have even started experimenting with paint to craft paints related colour ideas that personify the diverse art and culture of Nepal. While mixing and matching during trials of different paints, chances are…
By: Adam Lee in  News and Society  >  Economics   Oct 30, 2015  
  Likes: 0

Slight Arrangements to Transform the Common Room Into A Family Room
Be it a lazy weekend, an evening family show on TV or an unplanned gathering of friends, the common room serves as the venue for all those wonderful times of laughter and fun. Putting in a little effort to perk up the room would only make the times together even…
By: Adam Lee in  News and Society  >  Economics   Oct 30, 2015  
  Likes: 0

What Makes Cities Sustainable? City Planners Like Leon Churchill Weigh In
A good number of people consider the idea of a “sustainable city” as an oxymoron, given the massive amount of change cities need to meet ecological, societal, and economic requirements for actual sustainability. In the eyes of these people, at the rate change is happening now, sustainability is an unrealistic…
By: Casey Carpenter in  News and Society  >  Economics   Sep 01, 2015  
  Likes: 1

Newest State Policies Information In Real Time - influentials System Style
The almost govt shut down had been hogging the information, but you might have found more information on other essential present governmental experiences and quicker on Influentials System. If you want to know what's occurring in US State policies and present governmental information, then Influentials System will tell you -…
By: miz in  News and Society  >  Economics   Jan 22, 2014  
  Likes: 0

Article Views: 2644    Report this Article