Ayodele Fashemi's Blog – April 2012 Archive (1)

Removal of Oil Subsidy Stabilized Poverty

                     

 

Thousands of protesters descended on major streets and squares to express their anger, frustration, and concerns for removal of oil subsidies. The strapped by debt, cut off from the technology bang. Nigeria one of the world’s leading crude-oil exporters, is forced to import nearly all its gasoline because the country’s refineries are dysfunctional. The government pays the subsidy to middlemen, who have become extremely wealthy, so that fuel can be then…

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Added by Ayodele Fashemi on April 9, 2012 at 7:45pm — No Comments

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