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Nairaland Forum / Nairaland / General / Politics / Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs (245 Views)
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Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by opeldavid: 12:03pm On Sep 04, 2020 |
It is yet another harsh conditions for the poor masses in Nigeria as they have been hit by the sad news of an increase in pump price of petrol and electricity tariffs bill at almost the same time which is coming at a time the average Nigerian least expected it. The Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, (NNPC), issued a memo on Wednesday stating that effective immediately, the price of fuel would increase from N148 to N151.56k. No sooner had this memo was made known to the public than the retailers had hijacked the prices to various alarming rates to the detriment of the masses. This is coming at a time when many jobs have been lost due to the economic situation as caused by the Covid-19 pandemic and most schools are shut down with teachers out of jobs without salaries. Not too long the data for unemployment was released with high inflation rate , many Nigerians have condemned this increase and are calling for a nation wide mass protest against the APC led government. ice from April 1, 2020, to take full effect on September 1, 2020. This, according to the government, is in the best interest of all. We would recall that in some few months back the government had increased the pump price from N121.50 to N138.60, N143.80 and N145 per litre at different times, on the advice of the Petroleum Product Pricing Regulatory Agency (PPPRA), after reviewing market fundamentals and operating costs. Meanwhile, the Federal Government had come out openly to assure Nigerians that the increase is for the best interest of Nigeria. https://dambela.com/2020/09/03/nigerians-groan-under-the-pains-of-increase-fuel-price-electricity-tariffs/
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Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by DaInferno(m): 12:06pm On Sep 04, 2020 |
we could be like this, but where do we start from?!
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Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by Deborah98(f): 12:27pm On Sep 04, 2020 |
Where do we even start to talk? Is it the increased food stuffs,or the increased fuel price and electricity tariffs,it's well we will survive it ... 1 Like |
Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by November1857(m): 12:56pm On Sep 04, 2020 |
Nigeria my country ! |
Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by orisa37: 1:27pm On Sep 04, 2020 |
It's BUHARINOMICS. |
Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by longetivity(m): 1:33pm On Sep 04, 2020 |
They should be calming down, they still got three more years to go ![]() ![]() |
Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by longetivity(m): 1:35pm On Sep 04, 2020 |
DaInferno:and you think the pic you attached to ur post will work here. |
Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by knowledgeable: 3:04pm On Sep 04, 2020 |
opeldavid: Pre covid-19, we were the poverty capital of the world. At the hight of covid-19 with the economy sort of shut down, more Nigerians possibly become poorer. At this time of economic opening & easying, incentives, interventions, dropping of commercial loan interest and so forth should be the vanguard of any policy thrust, not policies that are inflationary. Inflationary policy increases poverty, and when such policy is timed wrongly, your guess is as good as mine. |
Re: Nigerians Groan Under The Pains Of Increase Fuel Price, Electricity Tariffs by DaInferno(m): 4:14pm On Sep 04, 2020 |
longetivity:take it to where it will work;it's better if u said the topic as whole was irrelevant self |
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