my image while trekking on the road.
Reasons For Fuel Subsidy And The Purpose For Removal
Kind regards here to the Alive Community and all Hivian's in general.
Is being very obvious here in my country that we only have been known popularly as part of the top crude oil producing Country in the world.
Fact is that indeed my country do have oil Wells of which crude oil can be generating and get drilling.
Here in my country we do have four formally recognized state with , two oil Wells each and even more . Like in my state we have close to actively three oil wells across two local government or council mainly. So do those other three oil wells own states.
Further facts is that all of those mainly recognized oil wells owner states , are located and situated within South Southern zone. That in terms of geopolitical division or zoning by one of our former president , from South Western part of my region.
Despite all the efforts inputting so far over years intending towards building kind of strong and diversifiesable nature of national economics. That by all sitting governments mainly on the federal level.
Discouraging tales (story) is that no concerted and due related effort has been taken , towards ensuring rehabilitations for all the depleted established refineries structure's. Across the four formerly established and now depleted refineries structure's.
The found politics over years has been on drilling millions of barrels of crude oil per day across all the an existing oil wells .As got signed and agreed upon by all the operating oil companies here in my region , supervising and controlling by the federal government.
Moreso that for the nation and that of those an existing crude oil companies. Are often getting refine outside my country , and further importing back the finished product into the region by those known as the national crude oil marketers or so.
The main reasons behind fuel subsidies (subsidy)
That no an existing crude oil company operating here in my region , do refine their crude oil product here in this country.
That even the federal government do refine outside the country , which do brings about constitution of the crude oil marketers and crude oil subsidy operation.
That lack of an acive and functioning refinery , do indeed brings about fuel subsidies
Due to such states of year in year out politics over crude oil and finished and usable products. Which have over the years constituted subsidy on fuel as one of the main crude oil finished product , by the federal government.
To have it brief, recently upon the declaration for presidential election results. That , by the applicable body or an organization known as INEC.
During the very first speech given by the President elect, as the current and now to be sitting President. Base on the majority votes cast by the citizens across the federating states.
Then within all his given speech delivery , he made mention of fuel subsidy removal among others vital key note on economics improvement for the nation.
Nonetheless , that first speeched from the President elect have brought about so much brunt and challenges to people or citizens.
The purpose for fuel subsidy removal
The purpose for fuel subsidy removal proposed by the current President elect. Is mainly intent to see kind of level of independency on the area of cruel oil generating or drilling and the subsequent finished products.
That , to further enabling and facilitate kind of gradual improvement on the national economics.
Through an establishment of an active and functional refineries within the region. Take off by granting license to any given propose business man or group of same intending to establish and operate a refinery.
myself trekking to work
The Challenges That Removal For Fuel Subsidy Brings About
Since the closure to that given date in which the President elect delivered his first ever public addressed and speeched.
There begins to be a kind of overnight cook high price of fuel due to the fuel subsidy removal announcement by the President elect.
That given states of the nation due to her headship announcement, have further make things very hard and tough for so many people.
Since fuel indeed use to play serious and vital roles in terms of both public and private transportation as well as keeping some small and large scale businesses going. That have indeed serves as kind of social affliction on the majority of the citizens across the federating states.
Taking sights : That mostly on the possible effects bringing about by the high cost of fuel selling across all an existing filling station.
Known that most of the food carriers do use fuel mainly , to enhances movement and speed such as trucks and all the applicable vehicles.
High cost of fuel simultaneously do brings about corresponding high cost of selling those , available food items here in my region.
Most especially here in my state , most of those articles of necessities such as gari , rice , beans among others are very very poor out here.
Due to high cost and selling prices by those trader's. Even at the public market there's no meaningful changes , slightly same.
Here the Apex currency is a(1000-Naira) due to too much high prices of goods . That currency denomination's has no worth here again , because you can't use it and buy anything meaningful and satisfying.
Here , there would be no useful need for me to begins to express and measure up in terms of prices . As about that of an articles of necessities , instead I would only make known here that of fuel price per a liter.
The value between Hive and Nigeria naira
| Hive Value | Nigeria Naira |
|---|---|
| 1 Hive | 254 Naira |
Price for fuel per liter
| Fuel Per Liter | Price In Naira |
|---|---|
| 1Liter | 745 Naira |
| 1Liter | 520 Naira |
The prices of fuel since the date to the president elect speeched.
Has been fluctuating between as it's being shown on that table above.
The challenges is that , an individual get to pay double of whatever used to be an amount allocated to such given destination intending.
Here I do captured that one of those day while going to work.
Most times I would get boarded bus or Keke since my work place do involve a two major bus stop.
I would like get boarded bus leading towards my first bus-stop while I continuing my journey trekking to my destination.
That's all about what our President elect has been putting us through. Though everyone is hopefully expecting good improvement from him within possible short while.