THE SIMPLE HISTORY OF FUEL PRISE INCREAMENT IN NIGERIA

HISTORY OF FUEL PRICE INCREASE IN NIGERIA Gowon: 1973 (6 kobo to 8.45 kobo) Murtala: 1976 (8.45 kobo to 9 kobo) Obasanjo: 1 Oct., 1978 (9 kobo to 15.3kobo) Shagari: 20 Apr., 1982 (15.3 kobo to 20 kobo) Buhari: No Increase or Decrease Babangida: 31 Mar., 1986 (20 kobo to 39.5kobo) Babangida: 10 Apr., 1988 (39.5 kobo to 42kobo) Babangida: 1 Jan., 1989 (42 kobo to 60 kobo) {Private Vehicles} Babangida: 6 Mar., 1991 (60 kobo to 70 kobo) Shonekan: 8 Nov., 1993 (70 kobo to #5) Abacha: 22 Nov., 1993 (#5 to #3.25k){price drop} Abacha: 2 Oct., 1994 (#3.25k to #15) Abacha: 4 Oct., 1994 (#15 to #11){price drop} Abdussalam: 20 Dec., 1998 (#11 to #25) Abdussalam: 6 Jan., 1999 (#25 to #20){price drop} Obasanjo: 1 June, 2000 (#20 to #30) Obasanjo: 8 June, 2000 (#30 to #22){price drop} Obasanjo: 1 Jan., 2002 (#22 to #26) Obasanjo: June, 2003: (#26 to #42) Obasanjo: 29 May, 2004 (#42 to #50) Obasanjo: 25 Aug., 2004 (#50 to #65) Obasanjo: 27 May, 2007 (#65 to #75) 'Yar Adua: June, 2007 (#75 to #65){price drop} GEJ: 1 Jan., 2012 (#65 to #141) GEJ(Labour strike forced him): 17 Jan., 2012 (#141 to #97) FROM GOWON TO JONATHAN BUHARI IS THE ONLY NIGERIAN LEADER THAT NEVER TOUCHED THE PRICE OF FUEL, 'YAR ADUA was the only leader who did not increase, rather he reduced the pump price from #75 to #65 (May his soul rest in perfect peace)