RDS
DP Veteran
- Joined
- Oct 21, 2009
- Messages
- 5,398
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- Location
- Singapore
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- Undisclosed
Many governments fail to realize that subsidies, dole, handouts etc are unsustainable in the long run.
Nigerians protest end of fuel subsidy - CNN.com
What's behind Nigeria fuel protests?
http://edition.cnn.com/2012/01/06/world/africa/nigeria-fuel-protest-explained/index.html?hpt=hp_c1
Lagos, Nigeria (CNN) -- Police and protesters clashed across Nigeria on Monday amid a nationwide strike and widespread protests over a government decision that more than doubled fuel prices in the largely impoverished country.
Nigerians protest end of fuel subsidy - CNN.com
What's behind Nigeria fuel protests?
(CNN) -- Nigeria, Africa's largest oil producer, ended oil subsidies on New Year's Day that had kept gasoline prices artificially low.
The cost of a liter of gasoline shot up from 65 naira (40 cents) to at least 141 naira (86 cents) virtually overnight.
Furious Nigerians have since taken to the streets, staging 'Occupy Nigeria' protests and mass demonstrations across the country.
http://edition.cnn.com/2012/01/06/world/africa/nigeria-fuel-protest-explained/index.html?hpt=hp_c1
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