The president has signed the Petroleum industrial Bill, people are affraid again that if the petrol subsidy is removed, it could result to inflation which can later result to price hike and naira devaluation. What do you people think about this?
The action of removing fuel subsidy by the Nigerian government has been done previously, with very terrible results, it has caused a spike in the price of fuel, subsequently resulting in protests and strike actions, it's obvious the Nigerian government are more or less clueless and completely corrupt, we're in this situation in the first place cause of corruption, if the government can channel the funds generated from oil into developing the country and prolly get our refineries working again, the price of fuel would be relatively stable, with or without fuel subsidies, from the looks of things, the future looks bleak for our nation, with more and more inflation in sight.
Having said that, we dy put all our mind for oil, Naija get many other resources, but our government no wan develop them or put eye there, all of them just put eye for oil, na so them so use this oil till they exhaust am, na that time naija wahala go multiply, creating more problems for the generation wey they come for front.