Nigerians have suffered enough.

Fuel now to sell N145.00 in Nigeria from N87.00. That's almost a 70% increase. The question now is how is the government going to compensate Civil and Public servants whose salaries can barely purchase anything or sustain them throughout the month. Are they going to increase salary? What contingency plan do they have for these government workers or are they going to wait until Labour Union threatens or goes on strike before they make any plans for the workers. Definitely, business men will raise the price of their products in order to compensate for the raise. Transportation will go up. So the poor civil servant who has three kids in university and one or two in private schools will be caught in between. How will the worker make ends meet? I hope the government already has an answer or solution to the above questions, because they will arise.
Removing the fuel subsidy is the best thing that will happen to the country if managed very well. Corrupt government officials and business men have bled the country with subsidy. Removing it is supposed to create competition and bring prices down in the long run, and make the product available. But how are we sure importers of petroleum products are not going to connive and keep the price high to maximize profit? knowing the country's business environment, I hope that won't be the case. Monitoring agencies should be effective, because Nigerians have suffered enough.
In the United States, price of petroleum products keeps fluctuating, because their is real competition. In the last two years it has gone down almost 50%. Nigeria has a lot to learn from this country on managing our oil.