In Nigeria, oil was reportedly first discovered in Oloibiri in Bayelsa State, Niger Delta, in 1956. The Organization of the Petroleum Export Countries (OPEC) says Nigeria currently has the world’s tenth-largest crude oil reserves and is the world’s thirteenth-largest producer of crude oil. However, rather than translating to joy, it seems that what has been described as “the oil conundrum” and “the oil curse” is the fate of Nigerians. READ ALSO: Fuel Price Hike: Nigerians Struggle As Pump Prices Surpass N600 Per Litre There is no doubt that the oil resource has played the most significant role in Nigeria’s economic development … Continue reading History Of Fuel Price Increase In Nigeria