In this article, I will be sharing with you the list of Nigerian leaders that tried to decrease price of petrol but later increase it.
The first Nigerian leader that reduce fuel price and later increase it was General Sani Abacha in November 22, 1993, he reduce fuel price from N5 to N3.25K after previous government of Chief Ernest Shonekan increase it rapidly from 70K to N5 (614% increase), it was a 35% decrease.
General Sani Abacha later increases it on the 2nd of October, 1994 from N3.25k to N15 (increase of 361.54%).
Below is a brief history of General Sani Abacha.
Sani Abacha was a Nigerian military general who served as the military head of state of Nigeria from 1993 until his death in 1998. He was also Chief of Army Staff between 1985 to 1990; Chief of Defence Staff between 1990 to 1993; and Minister of Defence. In 1993, Abacha became the first Nigerian Army officer to attain the rank of a full military general without skipping a single rank.
The second Nigerian Leader that reduced fuel price and later increase it or vice versa was General Abdulsalami Abubakar.
In January 6, 1999, Gen. Abdulsalami Abubakar decrease fuel price from N25 to N20 (20% decrease) after increasing it in December 20, 1998 from N11 to N25.
Below is brief history of General Abdulsalami Abubakar.
Abdulsalami Abubakar is a Nigerian statesman and retired Nigerian Army general who served as the President of Nigeria from 1998 to 1999. He was also Chief of Defence Staff between 1993 and 1998. He succeeded General Sani Abacha upon his death.
Chief Olusegun obasanjo was the third Nigerian leader to reduce price of petrol from N30 to N22 on the 8th of June, 2000. It was a 10% decrease.
Chief Olusegun Obansajo later increases it on the 1st of January, 2002 from N22 to N26.
A brief history of Chief Olusegun Obansajo below;
Chief Olusegun Matthew Okikiola Aremu Obasanjo, born 5 March 1937) is a Nigerian political and military leader who served as Nigeria's head of state from 1976 to 1979 and later as its President from 1999 to 2007. Ideologically a Nigerian nationalist, he was a member of the People's Democratic Party (PDP) from 1999 to 2015 and again from 2018 onward.
The fourth Nigerian leader to reduce price of petrol was Dr. Goodluck Ebele Jonathan. He reduce price of petrol from N141 to N97 on the 17th of January, 2012.
Previously, after the removal of subsidy on petrol price, it was increase from N65 to N141 on the 1st of January, 2012.
Below is a brief history of President Goodluck’s Administration.
Goodluck Ebele Azikiwe Jonathan GCFR, GCON (born 20 November 1957) is a Nigerian politician who served as the President of Nigeria from 2010 to 2015. He lost the 2015 presidential election to former military head of state General Muhammadu Buhari, making the first time in the history of Nigeria that an incumbent president lost re-election and conceded defeat.
President Muhammadu Buhari is the fifth Nigerian leader to decrease petrol price from N97 to N86.50k in 2015 but it was later increase in 2016 from N86.50k to N146.
Below is a brief history of President Muhammadu Buhari .
Muhammadu Buhari is a Nigerian politician who has been president of Nigeria since 2015. Buhari is a retired Major General of the Nigerian Army and served as military head of state from 1983 to 1985, after taking power in a military coup d'état.
Buhari ran for president of Nigeria in 2003, 2007, and 2011. In December 2014, he emerged as the nominee of the All Progressives Congress for the 2015 general election. Buhari won the election, defeating incumbent President Goodluck Jonathan. This was the first time in the history of Nigeria that an incumbent president lost a general election. He was sworn in on 29 May 2015. In February 2019, Buhari was re-elected, defeating his closest rival former Vice President Atiku Abubakar by over 3 million votes.
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