Nigeria fuel subsidy budget will fall short: cbank

ABUJA (Reuters) - Nigeria's 2012 budget allocation to pay fuel subsidies will run out before the end of the year, risking Africa's second biggest economy raiding its oil savings and borrowing more, the central bank governor told Reuters. Nigeria scrapped subsidies on gasoline imports on January 1, potentially saving the country over 1 trillion naira. But more than a week of strikes and protests ...
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Added April 19, 2012
from Yahoo Nigerian News