Nigeria considers scrapping off subsidies as oil prices plunge
326 views · Published 19 December 2015 · 1:25 · Indexed 28 October 2026
Channel: CGTN Africa · 2015 · News & Politics
Faced with serious cash crunch as a result of the sustained fall in global oil prices, Africa's largest economy, Nigeria, is seriously considering scrapping petrol subsidies in order to save money for development. Authorities and oil marketers have often clashed over oil subsidy payments leading to scarcity of petroleum products.
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