₦airaland Forum

jUeLiZ:
please sir, what year was this

IBB days 92-93

https://www.nairaland.com/845722/history-fuel-price-increases-nigeria

EDOSBROWN:
Thunder fire all APC and their supporters,
May the hottest part of hell fire be their portion, this is my prayer for them

Amen

Mugu
Na Buharì and his government you go swear for, and not APC.
A lot of people do move in and out of APC every now and then. No difference between APC and PDP.

Oakenshield:
yes 1985 thats how much it was and never 3hrs journey. Lagos to Calabar air ticket was like 40-50naira then

I'm really crying right now .... what really happened along the line. . Where did we get it wrong... what did we do that spoiled everything....

nairalanda1:
It's been on an upward trend for longer than that. IBB sold fuel for 75 kobo. In 1981, it was 15 kobo.

so why did we stop using Kobo sir .. .. I'm young and I'm enjoying these already.... seems like fairy tale to me... but I believe a lot has gone wrong.... along the line

Villa12:
it can't get better due to different ethnic groups. It'd have been better if we speak one Native language

I don't think the problem of Nigeria is ethnicity.... there has to be something more....

lordkay10:
OP dey ment, why would you be missing buying petrol at 87 naira when we can actually go back to when it sold below 1 naira per liter

I'm young...I was not born in your era...I didn't know it was much cheaper then... just seeing today... alot has really gone wrong....

PDPdestroyer:
OP you know what?….those of us born in the 60s also complained about how we missed when petrol sold below N1/litre, when we started buying at N87/litre.

I'm surprised...I didn't know petrol price was very cheap.... I'm not your generation, was talking based on what I have experienced.... things gets expensive every day...and no money to afford them.... it's very frustrating...

Ecash1:
NYSC
2022 : N33,000 = $75
2025 : N77,000 = $50

jazzman7711:
FORUM OF ILLITERATES.

THOSE ''LOW PRICES'' WERE ARTIFICIALLY LOW BASED ON FUEL SUBSIDIES!

10 BILLION DOLLARS A YEAR!

FUEL SUBSIDY IS OVER. MOVE ON!

NO MORE FREE OIL!

GO AND BE PRODUCTIVE LIKE YOUR COUNTERPARTS ALL OVER THE WORLD!

Daft fellow, your useless government is still paying subsidy under a different name

femi4:
IBB days 92-93

https://www.nairaland.com/845722/history-fuel-price-increases-nigeria

wow the year I was born....93

Counterigbolies:
That Igbo mod, come n push it to fp

You protested against Jonathan because fuel was raised to 90 naira. Why are you now quiet now that the price is raised to over 800 naira?

Are you a blessing to Nigeria or a curse to Nigeria?

jazzman7711:
WHAT 10 BILLION DOLLARS WAS SAVED?

THERE WAS NO 10 BILLION DOLLARS WAITING FOR TINUBU WHEN HE GOT INTO OFFICE.

TO PAY THE SUBSIDIES HE WOULD HAVE HAD TO BORROW THE 10 BILLION DOLLARS, JUST LIKE BUHARI DID THE YEAR BEFORE HIM!

SO ALL THAT HAPPENED IS WE STOPPED BORROWING 10 BILLION DOLLARS A YEAR TO PAY FUEL SUBSIDIES.

INSTEAD, WE ARE RAMPING UP LOCAL PRODUCTION AND REFINING TO EVENTUALLY BRING COSTS DOWN THE NATURAL WAY, NOT BY SUBSIDIES!!

IMAGINE A COUNTRY WITH A 30 BILLION DOLLAR ANNUAL BUDGET BORROWING 10 BILLION DOLLARS A YEAR TO PAY FUEL SUBSIDIES.

IT’S AN UNSUSTAINABLE MODEL THAT WOULD HAVE DESTROYED THE ECONOMY AND LED TO MONSTROUS LEVELS OF NATIONAL DEBT!

A VENEZUELA SITUATION THAT WOULD HAVE BEEN 10 TIMES WORSE THAN WHAT WE ARE CURRENTLY GOING THROUGH!

SO TINUBU IS DOING WHAT HAS TO BE DONE.

IT IS NOT BECAUSE HE IS A WICKED MAN WHO LOVES TO SEE NIGERIANS SUFFER!

Is it the same Tinubu that protested the removal of subsidy by jonathan? You can say that to your fellow Zombies. We are not beclouded by ethnic affiliation like your co-Zombies. Serrll that to who needs it

That was possible because of subsidy.

jUeLiZ:
I'm really crying right now .... what really happened along the line. . Where did we get it wrong... what did we do that spoiled everything....

bad policies we encourage importation rather than exportation using oil as the new gold and effectively killing the agriculture

Sleekfingers:
You got it.

People keep referring to some years back, as if Nigerians were leaving comfortable or not complaining then.....
Even back in the mid and late 80's . I remember, my grandma always do giveaway to the poor . Especially around Lagos Island, Ebute meta , oshodi , Surulere. Some families couldn't even afford 3 meals a day .

But some people keep saying good old days ....how many people can afford to buy a bag of rice in early 90's to late 90's ? Back in the 80's . Some families only eat rice, chickens during festive season .....

you go surprise say the same people shouting good old days can't even feed well then

Even if it includes anyone from your own family bah?

Cuz you people will just be raining curses without thinking ehn…

Ko make sense now ogbeni

EDOSBROWN:
Thunder fire all APC and their supporters,
May the hottest part of hell fire be their portion, this is my prayer for them

Amen

Purosangue:
you go surprise say the same people shouting good old days can't even feed well then

😆
. exactly my point. ....

Sleekfingers:
😆
. exactly my point. ....

hehehe Good old days, :Dhow many Nigerians get super cars then. Now for Lagos, every nigga just dey buy GLE ,63 and Lamborghini urus

Purosangue:
hehehe Good old days, :Dhow many Nigerians get super cars then. Now for Lagos, every nigga just dey buy GLE ,63 and Lamborghini urus

🤣🤣🤣🤣🤣

You really cracked me up.........the same good old days where many of them couldn't even afford to rent a mere flat or feed comfortably.

Sleekfingers:
🤣🤣🤣🤣🤣

You really cracked me up.........the same good old days where many of them couldn't even afford to rent a mere flat or feed comfortably.

baba forget Nigerians.
As at the late 80s to early 90s, my father travelled abroad to hustle because according to him, Nigeria economy was bad. Even with low dollar to naira rate, low population and low fuel price as at that time

Purosangue:
baba forget Nigerians.
As at the late 80s to early 90s, my father travelled abroad to hustle because according to him, Nigeria economy was bad. Even with low dollar to naira rate, low population and low fuel price as at that time

No be small thing

Funny enough, you were still complaining at that time.

jUeLiZ:
I remembered paying N500 from Calabar to Uyo during this time.

Now from Calabar to Uyo is N6500.

😭 😭 😭

then simply go back to the good old days my friend face reality. Ingredients and Nonsense

jUeLiZ:
I remembered paying N500 from Calabar to Uyo during this time.

Now from Calabar to Uyo is N6500.

😭 😭 😭

As young as I am, I witness when fuel was sold for 36 naira .

LZAA:
You are mixing two different eras up
All rowwwnuu Apcheat minions think alike tho
Smh

See this cornfused man.

Oga, at the end of the day, APC and PDP Na the same thing, same with army.

When your economy is based on how much oyel costs in the international market, that is how prices will keep rising and people will keep groaning about how good the days were.

If we do not change to a manufacturing based economy, in ten years, people will be saying t-pain was a glorious time economically speaking.

jUeLiZ:
so why did we stop using Kobo sir .. .. I'm young and I'm enjoying these already.... seems like fairy tale to me... but I believe a lot has gone wrong.... along the line

Probably somewhere around 2001. Inflation.

jUeLiZ:
I don't think the problem of Nigeria is ethnicity.... there has to be something more....

Nigeria's problem is simple.

The basis of our economy is selling minerals and agric products. And oyel. The palaver with that is...we do not control the prices of those things.

So, we don't earn enough revenue to sustain ourselves, then there is a lot of corruption because the money we earn is shared, and he who is close to the sharing benefits more....and thus we have to borrow.

Countries like Germany and Japan are based on manufacturing. As a result they can set their prices, and earn as much money as they want. If they like they can even devalue the currency to earn more in manufacturing.

Nigeria has always been vulnerable to economic shocks because if the price of X is not high enough, we are in trobule.

Right now, oil is around 75 dollars per barrel. TO balance the budget, we need it to be around 130 or even 139 per barrel. Of course it would never reach there, so we end up borrowing...

We should transition to a manufacturing economy that exports, but most Nigerians prefer to share oyel money.

Nigerias best is always in the past which means in future these current days will be as good as good old days. Enjoy am now ooo na mata as e be.
To soak standard Garri as in
Garri
Enuf sugar
Milk
Gnuts
With German stones
And chilled water
U ne 1k plus
I future e go be 5k

What are we doing to halt this trend by 2027?

nairalanda1:
See this cornfused man.

Oga, at the end of the day, APC and PDP Na the same thing, same with army.

When your economy is based on how much oyel costs in the international market, that is how prices will keep rising and people will keep groaning about how good the days were.

If we do not change to a manufacturing based economy, in ten years, people will be saying t-pain was a glorious time economically speaking.

Agree but you are still a Apcheat minion

LZAA:
Agree but you are still a Apcheat minion

You are free not to believe me, but I cannot support Tinubu.

The man is not doing what I want, which is to take Nigeria to being a manufacturer. He is also still paying subsides in the power sector, which is killing the power sector, he was partly responsible for GEJ not removing subsides in 2012...at a time when we should have...and he is basically like every leader, past and present. Just with worse income because of falling oil.

The thing is, NIgeria needs a leader who would probably cut all subsides, spend more on vocational and tech education, get a lot of industrial development and stop us from relying on oil. It may even be necessary to do resource control totally...to force most of NIgeria to do that.

But yeah, because I don't support your side, I am an APC minion.

Continue in your confusion then.

sirchim:
That was when HELL-LIE-ANUS, MannaLIZARD, Mad-RIGGER, YariMOLO and their other banza comrades, still dey wear pant dey eat Mama thank you, but now bull-HARI and THIEFNIBU Baban Baban BARAWOO, don scatter everything, promise them MINISTER, till date them never see Mini, talkless of ster. Them go wait tire, cos suffer no dey tire the dan Iska's.

Perfectly well constructed.....