Nigeria Oil Production Has Fallen By Almost 40 Percent

nigeria

CCTV – A Nigerian union defied a court ban and proceeded with a general strike on Wednesday protesting against hefty hikes in fuel prices. Many businesses and government offices however opened as usual. The government hopes that lifting costly fuel subsidies will help alleviate the worst economic crisis in decades in Africa’s biggest economy. The move however sent fuel pump prices up by as much as two thirds. A wave of strikes ensued the last time Nigeria tried to introduce a similar measure in 2012, and authorities eventually reinstated some subsidies.

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