Partial concession on fuel prices
President Goodluck Jonathan appeared on television yesterday to announce that the government was going to drop its controversial rise in fuel prices – partially.
Following discussions with the Labour Unions, the government has agreed to reduce the rise from N65 (£0.25p; $0.39) which is where it was in December to N97 (£0.38p; $0.59) today. Prices had risen to N141 (£0.56p; $0.85) in the new year but had been met with more than a week of protests, strikes and violence.
Although some unions have agreed to drop their strikes, many workers remain on strike.