In all honesty, I am completely baffled as to how to begin this post. There is just too much to say regarding Nigeria’s current Economic Crisis. If you are sleeping on a bicycle, and haven’t heard, there has been a removal of the fuel subsidy by the Nigerian Federal Government, which in turn has greatly increased fuel prices in Nigeria. To give examples of how serious these changes in prices are, there have been reports that from Ilorin to Abuja, transportation now ranges between N3,500 and N4,000, and for cars, N5,000 compared to the previous N2,000 rate. It has also been allegedly reported that from Ilorin to Lagos, prices went from N1,600 to N5,000.

In order for individuals, especially those living Abroad, (US, UK, etc.) to better understand the effectiveness of these fuel prices, one can perhaps look at the fact that since 1 gallon is equivalent to 3.785 liters, fuel is now approximately $3.29 per gallon, and in Nigeria, N533. Many, especially individuals living in the U.S or abroad might infer that the compared price of $3.29 isn’t too far from what is being paid, and that Nigerians are almost in the same boat Americans are currently in. In other words, many might feel that since those living abroad can deal with these absurd prices, why cant those residing in Nigeria? One should keep in mind however, that not only is Nigeria an oil producing country, but the average income of those living in Nigeria is not comparable to those living Abroad.

As a result of this Crisis, many Nigerians have taken it upon themselves to protest, in hopes that the Government will in fact respond/ take effective measures concerning the current situation. Among these protestors are some of Nigeria’s very own artists, hoping to rally other Nigerians into action. While some of these artists (whose names will not be mentioned ), were initially in support, and even helped with the President’s campaign into Office, many artists are now taking to twitter to express their utter disdain over the Government’s actions. Some have expressed that the decision to remove fuel subsidy is completely irrational, while others feel that it is the right decision taken at the wrong time.

With the removal of the subsidy on fuel, the Government is able to save money that can then be channeled in other areas of the economy. Given the corrupt past of the Nigerian government however, it is unclear as to whether or not the money being saved will go into the right places.

I have taken screen shots of some of the artist’s views, along with some funny pictures that’s gone viral on Facebook and Twitter. It is great to know that even in the face of economic hardships, the people of Nigeria can still find ways to smile and be happy. We are indeed a great Nation. Keep the hope alive people!! oh and Shout out to Amebor’s own EXECUTIVES  for protesting with the people.

TWEETS AND PICTURES
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Tagged as: Abuja, Banky W, Economic Crisis, Fuel Subsidy, Lagos, nigeria, Subsidy