PETROL PRICE HIKE: Removal of subsidy by President Buhari

By -


When a new president is elected, the people always expect a better performance than the past one. In my opinion, Jonathan's government was way better than this silly talk about 'change' (APC), which has done nothing but bring the economy of Nigeria to its knees.

First, it was about the exchange rate of dollar which hiked to about 400naira from 150naira and got everything about two times expensive. Presently dollar exchanges for 318naira, still this has not made living cheap.

Still on the negative 'change' by the ruling party, the government made things worse by making silly decisions that got petrol price up to 250naira from 86.5naira per litre. It got so bad that sachet water initially being sold for 60naira per bag became 180naira.

Now they have removed petrol subsidy, causing it to sell at 145naira per litre. They claim it will make life better by providing money for infrastructures and other amenities.

It looks like the country, Nigeria, has become a private company where decisions can be taken without the impact on the masses.

I really don't know if things will get better cos it looks like the economy is nose-diving into a mess.

Sometimes, i forget that Crude oil is produced in Nigeria.

Comments

Post a Comment

Popular posts from this blog

SEX TAPE DOWNLOAD: UNIOSUN lecturer accuses former colleague, others of blackmail

By -
Image
The embattled lecturer at the Department of Languages and Linguistics of the Osun State University, Ikire Campus, Dr. Olabode  Ojoniyi, has accused one of the lecturers of the university, who was recently dismissed for an alleged misconduct, as the person who allegedly contracted the 400 level female student, Mercy Ikwue, to blackmail him. The female student, who secretly recorded sexual activities involving her and Ojoniyi recently released the video, which has been generating reactions. But a correspondent from Punch gathered from some students of the university that Ojoniyi, on Friday, posted an open letter on the platform of the Great Linguistics Whatsapp Group, where he accused the female lecturer and the Provost, Adeyemi College of Education, Ondo, Prof. Olukoya Ogen, as the architects of his problem. The embattled lecturer, in the letter entitled, “Open letter to Nigerians and the whole world on the alleged “UNIOSUN lecturer in sex scandal video” also accused Professor
Read more

PRISON BREAK: 15 inmates escape from Nsukka prison

By -
Image
No fewer than 15 inmates were believed to have escaped from Nsukka Prison in Enugu state in a jail-break that occurred on Tuesday night. A reliable source at the prison who pleaded anonymity said on Wednesday that the inmates broke their cells and scaled over the perimeter fence. “The inmates carefully opened their cells and scaled the perimeter fence of the prisons. “Before prison officials on night duty knew what was happening, about 15 inmates had escaped,” the source said. Controller of the prison, Mr Lawrence Okonkwo, confirmed the jail break but declined to give the number of inmates that escaped. “Yes there was a jail break last night in Nsukka prison but I am not in a position to say how many prisoners escaped. “We are expecting the Enugu state Prisons Controller, Mr Isaiah Amariri, in Nsukka prison so that we brief him on what happened last night. “He will be the one to tell the public the number of inmates that escaped, re-arrested ones and efforts put in pl
Read more

3 persons confirmed dead in Akokwa Imo State

By -
DSP Andrew Enwerem, the Police Public Relations Officer (PPRO) who confirmed the incident in a chat with the News Agency of Nigeria (NAN) on Friday in Owerri, said some others sustained injuries. He explained that an unidentified man, said to be from the northern part of Nigeria, had run amok and killed a girl and a woman and thereafter killed himself. He said some aggrieved youths immediately went for reprisal attacks. This he said led to some other persons sustaining various degrees of injuries. According to Enwerem, the report came to the Imo police headquarters not long after the incident occurred and the commissioner of police deployed anti-riot policemen who stopped the incident from spreading further. “Report to police showed that a yet to be identified northerner ran amok at Akokwa community and used weapons to attack and kill a girl and a woman and thereafter killed himself’’, he said. Enwerem said the problem has been brought under control, adding that normalcy has
Read more