Fuel Now N141 Naira Per Litre

The price of PMS ( premium motor spirit) will now cost N141 per litre as from today. 

This measure was taken so as to save the country some money that could be used for development projects which will amount to N1.2 trillion ($7.5 billion) or about 25 percent of the government’s 4.8 trillion ($29.5 billion) spending plan in 2012.
There is no need for anybody to engage in panic buying/hoarding, as adequate supply has been guaranteed. However, some fuel stations in Lagos have stopped selling pms so as to benefit from the post-subsidy price which is now N141 per litre.

Elegushi Beach

Below are beautiful pictures of Elegushi Beach Lagos Nigeria.

How to get There -: First turning on your right after the second roundabout when coming from Victoria Island

Toll Collection Soon To Commence On The Lekki Express Way

For those Living in the Lekki Peninsula, get ready to start paying toll at the first toll gate  because the lagos state government has just lifted the january 3rd suspension of toll collection by the Lekki Concession Company (LCC).
It was learnt that it cost the Lagos State Government N4 Billion for the non implementation of the toll as earlier planned, which the money could have been used to provide schools, roads and hospitals to those living in Eti Osa, Ibeju -Lekki and Epe areas.

Total Discovers Oil In Nigeria

Total Nigeria a subsidiary of the Total Sa Group has just made a remarkable oil discovery in the south east of the country which is the second of such discoveries.The discovery was at its Oil Mining Lease (OML) 102. OML 102 is operated by Total Nigeria with a 40% interest, alongside partner NNPC, which holds the remaining 60%.

The company has been operating in Nigeria for nearly 50 years and has accounted for 300,000 barrels of oil per day in 2010, and it's said the new oil discovery will increase the oil output in Nigeria as the years go by.

Impact Of The Removal of Fuel Subsidy in Nigeria

Have you ever imagined what will happen if the fuel subsidy is removed. It will only increase the suffering of Nigerians because people are already in hardship.
The government needs money to put in the private sector, but can't government generate revenue from other means rather than removal of the subsidy, more so the minister of petroleum resources Mrs Diezani Allison-Madueke said kerosene will not be affected because it is the fuel of choice by many Nigerians. Ironically it is fuel many of the poor masses buy.
This will only lead to inflation, rise in the cost of living and corruption in the economy, which is not good for a developing country like Nigeria.