Strategic ruse or humiliating defeat? Nigerian government gives ground over fuel subsidies

Issue 223 - 19 Jan 2012
Government reformists and international economists agree that scrapping subsidies is essential if Nigeria is to have more cost-reflective pricing and bite into the rents that have enriched a well-connected few, but the reality that change is a political risk has been underlined by the controversial decision to raise petrol prices, leading to protests and strikes that have tested the government’s resolve

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