Could This Be A Better Explanation For Oil Subsidy Removal? - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Could This Be A Better Explanation For Oil Subsidy Removal? (632 Views)
No Going Back On Subsidy Removal - FG / No Genuine Reason To Remove Oil Subsidy Yet–buhari / Oil Subsidy Removal, Booby Trap For Buhari – Bamidele (2) (3) (4)
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| Could This Be A Better Explanation For Oil Subsidy Removal? by meksmewo: 6:35am On Dec 23, 2011 |
From Governor of Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi, came a warning yesterday that Nigeria is heading for serious economic crisis. His warning followed his disclosure that the country lost $16 billion to subsidies this year. Sanusi said as a result, Nigeria’s foreign reserves had been depleted such that serious economic crisis would befall the nation if the oil prices crash continues in the international market. He said that withdrawal of subsidy on fuel would stave off the crisis. “Our shock absorber is gone. If the oil prices crash again, then Nigeria will now face a serious economic crisis,” he said. WHAT DO WE DO? |
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Fuel Subsidy:rented Government Protesters Queue For Payment After Supporting Fg / Who Are Enemies To Nigeria's Progress / Solve This Puzzle
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