₦airaland Forum

This was sent to my page and I believe it should make the FRONTPAGE for the purpose of history and education.

History of fuel price increases in Nigeria
Gowon, 1973: 6k to 8.45k (40.8%)
Murtala, 1976: 8.45k to 9k (0.59%)
Obasanjo, October 1, 1978: 9k to 15.3k (70%)
Shagari, April 20, 1982: 15.3k to 20k (30.71%)
Babangida, March 31 1986: 20k to 39.5k (97.5%)
Babangida, April 10 1988: 39.5k to 42k (6.33%)
Babangida, January 1, 1989: 42k to 60k Private vehicles.
Babangida, December 19, 1989: moved to uniform price of 60k (42.86%)
Babangida, March 6, 1991: 60k to 70k (16.67%)
Shonekan, November 8, 1993: 70k to N5 (614%)
Abacha, November 22,1993: petrol price drops from N5 to N3.25k (-35%)
Abacha, October 2,1994: N3.25k to N15 (361.54%)
Abacha, October 4,1994: price drops from N15 to N11(-26.67%)
Abubakar, December, 20, 1998: N11 to N25 (127.27%)
Abubakar, January 6,1999: N25 to N20 (-20%)
Obasanjo, June 1, 2000: N20 to N30 (50%)
Obasanjo, June 8, 2000: Petrol price reduced to N22 (-10%)
Obasanjo, January 1, 2002: N22 to N26 (18.18%)
Obasanjo, June to October, 2003: N26 to N42 (23.08%
Obasanjo, May 29, 2004: N50 (19.05%)
Obasanjo, August 25, 2004: N65 (30%)
Obasanjo, May 27, 2007: N75 (15.38%)
Yar’Adua, June 2007: N65 (-15.38%)
Jonathan, January 1, 2012: between N138 to N97 .President buhari N97 To N86 to N145 . This is just the beginning...

OK

Oga, your calculations got me thinking I wasted my time in school. How can fuel go from 6k to N8.45k and you say it is 40.8% increase, then from N8.45k to 9k and you say there was a 0.59% increase?
Mbok, my maths teacher should have chased me out of his class make e be say na only biology I study.

shevon:
Oga, your calculations got me thinking I wasted my time in school. How can fuel go from 6k to N8.45k and you say it is 40.8% increase, then from N8.45k to 9k and you say there was a 0.59% increase?
Mbok, my maths teacher should have chased me out of his class make e be say na only biology I study.

You also got me thinking!
How I wish you can relate with the years in question, you wouldn't have added naira symbol to the already and perfectly compiled information. 6k is same as 6. 00k(no attempt to think that, that 6 ever means #6. It's SIX. ZERO - ZERO KOBO). same goes for 8.45k to 9k (EIGHT POINT FOUR - FIVE KOBO TO NINE KOBO) .

This is incomprehensible to those who cannot imagine the blessed era being refer to here or who are just too young to think it ever existed.

I believe you are there now.