In the beginning of January, the government in Nigeria
announced to the civilians that the subsidy on fuel was being ended. It was
said that it would benefit the country financially and improve the
infrastructure, but the people were very disbelieving of the claims. The
removal of the subsidy increased the prices of fuel and other goods immensely,
and the people started to protest. However, after a few weeks of protesting,
the message is starting to get through to the government, and fuel prices are
reducing significantly, although still not as low as they started. Starting on
Monday, two of the main labor groups, the Nigeria Labour Congress and the Trade
Union Congress, postponed their strike after the President of Nigeria cut fuel
prices even lower. It is still unclear whether the protests have come to an absolute
end with the acceptance of the price cut, or whether they will resume at a
later date.Tuesday, January 17, 2012
Nigerian Fuel Subsidy Protests Suspended
In the beginning of January, the government in Nigeria
announced to the civilians that the subsidy on fuel was being ended. It was
said that it would benefit the country financially and improve the
infrastructure, but the people were very disbelieving of the claims. The
removal of the subsidy increased the prices of fuel and other goods immensely,
and the people started to protest. However, after a few weeks of protesting,
the message is starting to get through to the government, and fuel prices are
reducing significantly, although still not as low as they started. Starting on
Monday, two of the main labor groups, the Nigeria Labour Congress and the Trade
Union Congress, postponed their strike after the President of Nigeria cut fuel
prices even lower. It is still unclear whether the protests have come to an absolute
end with the acceptance of the price cut, or whether they will resume at a
later date.
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