Fresh fuel crisis looms as finance commissioners seek removal of petrol subsidy
Two years after a nationwide protest forced the federal government to reverse its decision to remove subsidy on petrol, finance commissioners from Nigeria’s states met and asked for the removal of the subsidy, their chairman has said.
The official pump price of petrol across Nigeria is N97 per litre. A total removal of the subsidy will raise the price to about N140 per litre.
The announcement of subsidy removal on petrol by President Goodluck Jonathan on January 1, 2012 triggered nationwide protests that forced the government to reverse the policy. Read more