Post by Henry Emeka (@Emekus)
Respectfully Fuel Prices Under Nigerian Presidents (1978–2026)
Quick Summary (Most Important)
Fuel moved from ₦0.20–₦0.50 per litre in the early 1980s to ₦897 per litre under President Tinubu in 2024–2026.
This rise reflects subsidy changes, deregulation, global oil prices, and economic reforms.
Full Timeline by President
Olusegun Obasanjo (Military, 1978)
₦0.50 per litre in 1978
Shehu Shagari (1982)
₦0.20 per litre
Muhammadu Buhari (Military, 1984)
₦0.20 per litre (unchanged from Shagari)
Ibrahim Babangida (1986–1991)
1986: ₦0.395
Later years: ₦0.42 → ₦0.60 → ₦0.70 (multiple hikes)
Ernest Shonekan (1993)
70 kobo → ₦5 (614% increase)
Sani Abacha (1993–1998)
₦5 → ₦3.25 → ₦15 → ₦11 (multiple adjustments)
Abdulsalami Abubakar (1998–1999)
₦11 → ₦25, then ₦25 → ₦20 (decrease before handover)
Olusegun Obasanjo (Civilian, 1999–2007)
₦20 → ₦22 → ₦26 → ₦42 → ₦50 → ₦65 → ₦75
Most frequent price changes in history
Umaru Musa Yar’Adua (2007–2010)
Maintained ₦65 (no increase)
Goodluck Jonathan (2010–2015)
2012: ₦65 → ₦141 → ₦97 (after protests)
2015: ₦87
Muhammadu Buhari (2015–2023)
₦87 → ₦145 → ₦161 → ₦170
2020 major jump: ₦87 → ₦195
Bola Ahmed Tinubu (2023–present)
May 2023: ₦185 → ₦488
July 2023: ₦617
2024: ₦617 → ₦897
2026 depot prices: ₦1,250 (market reaction to Dangote dollar pricing)
Comparison Table (President → Starting vs Ending Price)
President Start Price End Price Notes
Obasanjo (1978) ₦0.50 ₦0.50 Military era
Shagari ₦0.20 ₦0.20 Stable
Buhari (1984) ₦0.20 ₦0.20 Stable
Babangida ₦0.20 ₦0.70 Multiple hikes
Shonekan ₦0.70 ₦5.00 Huge jump
Abacha ₦5.00 ₦11.00 Volatile
Abubakar ₦11 ₦20 Transition era
Obasanjo (1999–2007) ₦20 ₦75 Most increases
Yar’Adua ₦65 ₦65 No change
Jonathan ₦65 ₦87 Subsidy conflict
Buhari (2015–2023) ₦87 ₦195 Deregulation attempts
Tinubu ₦185 ₦897+ Full deregulation
240 million Nigerians vote wisely plz do not sell our children`s future for akara/corn enough is enough our children and grandchildren deserve a better Nigeria
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