11 times Nigerian presidents have changed fuel price (SEE the highest)

News that the Nigerian National Petroleum Corporation (NNPC) has increased the price of petrol at its retail outlets by N4 from N141 to N145 per litre as at November 4, 2016, has led to many concerns among Nigerians.

An increase in fuel price has always been greeted by fear and concern among Nigerians, as the pump price of fuel seems to affect every aspect of the economy, from transportation to food.

NAIJ.com compiled a list showing when and how fuel prices have increased in Nigeria:

1. Yakubu Gowon (1973)

General Yakubu Gowon

General Yakubu “Jack” Dan-Yumma Gowon was born October 19, 1934, and he was the former head of state of Nigeria from 1966 to 1975. He took power after one military coup d’état and was overthrown in another. He increased the price of fuel from 6 kobo to 8.45 kobo.

2. Murtala Muhammed (1976)

General Murtala Muhammed

General Murtala Ramat Muhammed was the military ruler of Nigeria from 1975 until his assassination in 1976. He increased the price of fuel from 8.45 kobo to 9 kobo.

3. General Olusegun Obasanjo (1978)

October 12, 1977, Manhattan, New York, New York, USA — New York: Lt. General Olusegun Obasanjo of Nigeria addressing the United Nations. — Image by © Bettmann/CORBIS

During his first stint as the president of Nigeria, from February 1976 to October 1, 1979, he increased the price of fuel from 9 kobo to 15.3 kobo in 1978.

4. Shehu Shagari (1982)

Shehu Shagari

Shehu Usman Aliyu Shagari served as the second president of Nigeria’s second republic, after the handover of power by General Olusegun Obasanjo’s military government. He increased fuel price from 15.3 kobo to 20 kobo on April 20, 1982.

x