Nigeria drops price of petrol


  1. AfricaNews Monitoring Team
    Nigeria's President Goodluck Jonathan has announced an immediate drop in the cost of fuel, following a week of strikes after prices doubled. Jonathan said the price would drop by around 30% in recognition of the "hardships being suffered" by people. Nigeria has been paralysed by strikes and protests over the government's decision to scrap fuel subsidies.
    Nigeria
    The unions have not responded to the announcement but one leading activist has firmly rejected it.

    "The broadcast by the president was not encouraging, not inspiring and it does not change anything," Alhaji Balarabe Musa, a former Kaduna state governor who has played a leading role in organising protests, told the BBC's Network Africa programme.

    He demanded a return to the old price.

    The removal of subsidies from 1 January caused petrol prices to rise from 65 naira ($0.40; £0.26) to 140 naira per litre. Mr Jonathan said it would now coast 97 naira.

    Before the president's announcement, unions called off street protests due to security concerns, but warned that a week-long general strike would continue.

    Jonathan has admitted there has been a near breakdown in law and order in parts of the country as a result of the strike.

    Army checkpoints have been seen in parts of the commercial capital Lagos for the first time since the protests began, according to the BBC.

    The strike has already cost the economy billions of dollars in lost revenue.



Reactions

  1. Image of lhauri


    116 berichten
    Lid sinds February 2012


    Finally we see a cheaper price. Many African countries should follow your examples.
    yachts italy


  2. Image of khekai28


    30 berichten
    Lid sinds April 2012


    Good blog! I really love how it is nice on my eyes it is. I am wondering how I could be notified whenever a new post has been made. I have subscribed to your feed which may do the trick? Have a nice day! garden umbrella



Latest News

  1. OPINION: Welcome to African Green Revolution24/05For the past century and a half, Africa has tried various agricultural ap…
  2. South Africa's African agenda21/05The Deputy President of the Republic of South Africa, Kgalema Mothlanthe …
  3. Women struggle to rinse hunger, poverty stains21/05Just looking at her one clearly appreciates that she is old and frail the…
  4. Climate Climate change affects migratory birds…21/05Changes in the climate globally have affected the movement of both migrat…
  5. Ghana: Foreign retailers cited for currency…18/05The Ghana Union of Traders Association (GUTA) is attributing the sharp de…
  6. Kenya: Community radio brings succour to…18/05Korogocho, a slum in northeastern Nairobi with 100,000 inhabitants, had m…
  7. Veld fires 'flame' Zimbabwe's…16/05Over the years, Zimbabwe has experienced the scourge of veld fires destro…
  8. Liberia commends ECOWAS for support14/05The induction training of pioneer Economic Community of West African Stat…
News archive