₦airaland Forum

paleo:
Hmmmm. This is Nigeria. Since I was born in the 80's, Nothing has product has ever gotten to it's original price after there is an increase in price.
Please Nairalander, I ask a serious question. Is there any product you remember going back to its original price after a slight increase. e.g, Cab fare, Fuel Hike, Basic Commodities. I need reply please.

MuguliciousMUGU:
When buhari enters he will increase it to 197 naira to feed his cows and increase his 1 million naira to 100 billion naira...

Emeka71:
Sincerely Nigeria needs Buhari at this time.

abolyem:
With even the point you made above, can you compare them based on the indices u stated and tell who is better btw GMB and GEJ. Did the Naira fall againt Dollar during GMB regime? tell us at what rate GEJ met Dollar and what is it now. then you will know the reason why price is increasing in his tenure. And don't forget, they have rumored, pump price will still increase in June if they are still there. That shows u present Govt doesn't have any solution to stabilize Naira and have good effect on our pump price.

Compare GMB government with that of GEJ head to head in Performance, i believe you will change ur mind if u are sincere with Nigeria.

ammyluv2002:
So you see? Abacha and Obj caused us this damage and he never mentioned it in his book.


Nice post!

lirusehn:
Check yur Wallet

king1234:
Gas price is a reflection of world's oil price. Nigeria can't be any different.

Even if we had a refinery in Nigeria that will not change significantly the price u pay at the pump as it will be stupid for a refinery owner to refine gas and sell it for cheap when he can sell at a higher price in the world market.

If u want gas price today to reflect what holds in 1960 then that is wishful thinking.


Also Nigeria has been able to sustain a stable price due to subsidy when oil price goes down money used by federal government to subsidies gas price is less. When it is high got has to budget more for subsidy.

Removing subsidy is the right step for govt to do. That removes an inefficient allocation of resources. We may have had an efficient transportation network of rail and buses if govt removes subsidy and use the money for public infrastructure.

A developed country is considered successfully if it has higher amount of its citizens using public transit to handle their daily business than use of private cars

erico2k2:
Read the post again, see where the OP listed GMB then come bck

abolyem:
Here we see who among them all is(are) actually for the masses. A better leader (President) will not make the people to be paying very high for basic needs. Buhari has shown this before and he will still do it again. Lets support Buhari ticket for the masses sake. GEJ will continue to make more expensive for the masses while satisfying the looters all in the name of support.
Imagine when big earning cannot even buy many tins, actually this we dont want. we want our earning no matter how small it is to be able to buy many tins.
Naija, think twice before u support anyone unnecessarily. base ur judgement on anticident and performance of the duo.

erico2k2:
Guy I think its you who is getting it wrong, Naira had more value back the days so any increment would have devastating effect,U should measure increment in % rather than the money value.So that guy was right,all that being said an Increment of %300 is worse than an increment of %100 at any time now or in the future.

ammyluv2002:
So you see? Abacha and Obj caused us this damage and he never mentioned it in his book.


Nice post!

mastercee:
English na your problem ba?

Read the post over and over again till you understand

abolyem:
HISTORY OF FUEL PRICE INCREASES IN
NIGERIA.
(K for kobo, N for Naira)

•Gowon - from 6k to 8.45kobo

•Murtala - from 8.45k to 9k

•Obasanjo - from 9k to 15.3k

•Shagari - from 15.3k to 20k


•Babangida - from 20k to 39.5k

•Babangida - from 39.5k to 42k

•Babangida - from 42k to 60k (Private
Vehicles)

•Baban gida - from 60k to 70k

•Shonekan - from 70k to N5 (Naira)

•Abacha - from N5 to N3.25k (Price drops)

•Abacha - from N3.25k to N15

•Abacha - from N15 to N11 (Price drops)

•Abubakar - from N11 to N25

•Abubakar - from N25 to N20 (Price drops)

•Obasanjo - from N20 to N30

•Obasanjo - from N30 to N22 (Price drops)

•Obasanjo - from N22 to N26

•Obasanjo - from N26 to N42

•Obasanjo - from N42 to N50

•Obasanjo - from N50 to N65

•Obasanjo - from N65 to N75

•Yar'Adua - from N75 to N65 (Price drops)

•Jonathan - (New year present) N141

•Jonathan - (After labor strike) N97

BUHARI and YAR'ADUA did not increase
prices. In fact, YARADUA reduced the pump
price from N75 to N65. By the grace of God, Buhari
will WIN. Say Amen

donciccio:
Sonekan n OBJ caused this ruin, calculate their % increase compare to the present situation. But clclearly GMB was the originator of the ruins cos if he hadn't carried out his coup of a democratic govt military wouldn't have bastardized this nation.
wonder why he who truncated democracy now want to rule in a democratic society?

erico2k2:
he already did, most guys screaming sia GMB are forgetting that if you increase something in 2 folds it means %200 increase, or MayB they are struggling with maths. ahahah Guy did you notice OP delibrately removed Buhari's fuel tenure so we cant mesure its % increase

mmjunior:
So what is the reason? Must you follow GEJ blindly?

Brightology2:
Na wa. Apcit digging history to mk sure dey win election. God has already know d winner.

abolyem:
With even the point you made above, can you compare them based on the indices u stated and tell who is better btw GMB and GEJ. Did the Naira fall againt Dollar during GMB regime? tell us at what rate GEJ met Dollar and what is it now. then you will know the reason why price is increasing in his tenure. And don't forget, they have rumored, pump price will still increase in June if they are still there. That shows u present Govt doesn't have any solution to stabilize Naira and have good effect on our pump price.

Compare GMB government with that of GEJ head to head in Performance, i believe you will change ur mind if u are sincere with Nigeria.

chacoonder:
..Mr. historian, for your information,Buhari's 2 years as head of state was far better than the so called democratic govt he truncated.

jasper7:
Are we not both saying the same thing? Maybe you are mistaking me for the other guy. That is if you are agreeing 70k to 5naira and 20naira to 75naira are both worse than 65naira to 147naira

Decryptor:
So OP, the yardstick used in measuring Buhari as a competent leader is because HE DID NOT INCREASE FUEL PRICE?

[size=18pt]The weed you are smoking must have been harvested from a shrine in ijebu[/size]

erico2k2:
nah my post was meant to say you was right my friend, the other guy is struggling with maths

paleo:
Hmmmm. This is Nigeria. Since I was born in the 80's, Nothing has product has ever gotten to it's original price after there is an increase in price.
Please Nairalander, I ask a serious question. Is there any product you remember going back to its original price after a slight increase. e.g, Cab fare, Fuel Hike, Basic Commodities. I need reply please.

abolyem:
Compare GMB Government and GEJ on Different indices:

1. Fuel Price Increase (which is a determinant for inflation of other products).
2. Naira to Dollar exchange rate changes
3. WAI vs EFCC + ICPC
4. Security situation
5. Unity among Ethnic and Religious Group
etc.

Kindly comment on all these sincerely if you fear God and conclude who is better betwn 2 of them.

erico2k2:
he already did, most guys screaming sia GMB are forgetting that if you increase something in 2 folds it means %200 increase, or MayB they are struggling with maths. ahahah Guy did you notice OP delibrately removed Buhari's fuel tenure so we cant mesure its % increase

erico2k2:
what do u xpect frm people who got F9 in Maths

erico2k2:
With these trend my friend Saudi would be worse than Nigeria if it continues for the next 10 years.

king1234:
Y

Nice post.

We should remove subsidy and most important divisify the economy. 70-75% dependence on one source of income is terrible for any economy that is able to plan talk less of Nigeria that can't plan