Rise in fuel prices of 73% in one month.

Wed, 02/28/2018 - 13:48

Sometimes the world is turned upside down. How can it be that the population of world's eighth-largest oil supplier is facing fuel scarcity? From the Amina Zwindila Foundation School we got bad news: Since the beginning of December there is an urgent issue of fuel scarcity.

As there is no fuel supply available, people are forced to buy at the black market at a price of 250 Naira/litre instead of the common price of 145 Naira/litre. This does not only affect transportation but has severe affects on the prices of almost all goods and services in the Country.

When oil prices collapsed in 2014, the Nigeran economy hit rock bottom and never recovered. Due to corruption, there is no end of the downward spiral at the horizon as the population does not benefit of any positive economic Trends.

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Rise in fuel prices of 73% in one month.

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