January 20, 2015

NoozYes Insight: Federal Governement Reduces Fuel price, is it Political or a Concern for Nigerians?


Fall in Oil price around the world as raised  some Ppros such as purchase of cheap fuel, increase in more traveling on the road, savings on budget but there are impending Cons like loss of jobs and market for oil industry, bank closure, using it as a political weapon, Lol!
 
On Sunday, 18 January, 2015, the Federal Government announced the reduction of fuel price money from N97 to N87, taking off N10 from the pump price of Premium Motor Spirit.
 
According to the FG, this reduction  is in line with the falling price of petroleum products the world over. But typically, many Nigerians do not see the sincerity in the reduction, with some seeing it as a political ploy on part of Jonathan to win elections  while others believe it is a good step?
 
What's your insight on this matter? YES for Ploy; NO for Sincere

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