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Random Thoughts On Fuel Price Hike - Politics - Nairaland

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Random Thoughts On Fuel Price Hike by Cofactor: 9:09pm On May 19, 2016
So much have been said by stakeholders, commentators and Observer's on the issue of fuel hike. It is disappointing that much of these arguments were presented based on political inclination and favouritism, when we should be concerned about the economic consequences and rewards.

Knowing this, I felt terrible that the supposed intellectuals are the ones engaging in political propaganda which is misinforming Nigerians about what is really happening to the economy and blinds their sight. Thus making it substantially difficult to be hopeful about the economy.

As hopeless as our economy might seem, I believe now is not the time to give up on it. Yes, there is fuel price hike because we do not have enough foreign exchange to finance the imports of needed petroleum products due to shortage in foreign exchange earnings as a result of low crude oil price.

Yes, the situation may not improve anytime soon, and since the sixteen years government of PDP is that of canker worms and locusts which has only left us with massive debt and low foreign reserve in the time of boom.

Yes, the hope that all will be well could have been emboldened if the government of today have foreseen this shortage of foreign exchange and has begun to aggressively build capacity for domestication of crude oil refinement.

Yes, we are facing security issues as so called avengers are blowing up pipelines responsible for transportation of petroleum, thus forcing reduction in barrels of crude oil produced per day, which consequently reduce our foreign exchange earnings.

And yes, I can tell you that we did not vote this government in because it will take our pains away almost immediately. We voted this government into Aso Rock because we believe it will halt the very fast downward crash of our economy and societal values and then gradually reverse the commissions of PDP that was responsible for our woes in the first place.

Today, I am bittered by the fuel hike, battered by its effects but hopeful of tomorrow, knowing that; there is three more years left for us to know if recent events will be reversed or it will continue to degenerate. After all, we endured sixteen years of locusts and canker worms, four years to endure deceit or enjoy good governance should not be too much a sacrifice.

These are the comments of @AAbiolat on fuel price hike...

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