Strike against structural reform
In the face of judicial disapproval and executive threats, unions in Nigeria called a general strike to protest the end of fuel subsidies.Nigerians Strike, Protest Over Fuel Subsidy Cut
Thousands of Nigerians took to the streets across Africa's top oil producing nation on Monday, launching an indefinite nationwide strike to protest against the axing of fuel subsidies.
Shops, banks and petrol stations were shut and the highways into the main commercial city of Lagos, usually clogged with rush-hour traffic, were empty.
Production of Nigeria's average two million barrels of crude oil a day carried on as normal despite the strike, sources at two international oil companies and the state firm told Reuters…
Jonathan has said he will not back down and the strikes will test his resolve. Strikes have forced previous governments into u-turns on fuel subsidy cuts…
Economists say the subsidy filled the fuel tanks of the rich and middle classes at the expense of a poor majority living on less than $2 per day, fed corruption and siphoned off billions of dollars of public funds to a cartel of fuel importers…
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Labels: economics, Nigeria, politics
posted by Ken Wedding @ 5:37 AM
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