Nigeria's House of Representatives on Thursday approved the government's medium-term fiscal framework (MTFF) but refused to include plans to remove fuel import subsidies in a major setback for the controversial proposal. Ngozi Okonjo-Iweala, the finance minister and coordinator of the economy, delivered the MTFF to the national assembly in September, including planned savings of about $7 billion a year from removing petrol import subsidies.
[Read more on Businessday Nigeria]
Added: about 2 years ago (December 02, 2011 @ 04:09AM)
Source: Businessday Nigeria