Occupy Nigeria

On January 1, 2012, Nigeria’s fuel regulator announced that the government was immediately discontinuing its fuel subsidy to help cut government spending, causing an overnight spike in fuel prices from $1.70 to $3.50 per gallon. Such a hike would be outrageous even for Americans. But for a drastically poorer country like Nigeria — where 70 percent of the population of 160 million lives below the poverty line — it was insufferable.

Cheap fuel is one of the few benefits Nigerians enjoy as citizens of Africa’s largest (and the world’s 10th-largest) oil producer…

Source: http://www.huffingtonpost.com


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