Nigeria to begin phasing out subsidies in January

摘要

Lagos-Nigeria is to begin removing subsidies on imported fuel from January next year, President Goodluck Jonathan revealed in a medium-term economic blueprint document submitted to Parliament October 4. In the Medium-Term 2012-2015 fiscal framework, the president wrote that the phasing out of fuel subsidies from the start of 2012 would be a major component of Nigeria's policy of fiscal consolidation.