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Federal Government of Nigeria to Stop Fuel Subsidies in Nigeria

Posted on 08 October 2011.

Nigeria has crude oil but import refined oil because the Nigerian federal government fail to operate refineries.

  • Fuel price in oil producing Venezuela cost 10 Naira per gallon.
  • Fuel price in Iran cost 48 Naira per gallon.
  • Fuel price in Saudi Arabia cost 70 Naira per gallon.
  • Fuel price in Nigeria currently cost 250 Naira per gallon.
  • Fuel price in Nigeria is projected to increase to 600 Naira per gallon, if fuel subsidies are removed by the Federal Government of Nigeria.

What do you think?


One Response to “Federal Government of Nigeria to Stop Fuel Subsidies in Nigeria”

  1. Trish says:
    November 11, 2011 at 7:10 pm

    Very true! Makes a change to see soemone spell it out like that. :)

    Reply

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