Fury in Nigeria as oil prices double

Demonstrators in Nigeria’s commercial capital Lagos shut petrol stations, formed human barriers along motorways and hijacked …

Demonstrators in Nigeria’s commercial capital Lagos shut petrol stations, formed human barriers along motorways and hijacked buses yesterday in protest at the shock doubling of fuel prices after a government subsidy was removed.

The fuel regulator announced the end of subsidies on Sunday, part of sweeping economic reforms designed to improve fiscal discipline in Africa’s biggest oil producer, a hugely unpopular act that could cause social unrest.

More than 1,000 people in the main market area of central Lagos sang, chanted and waved placards

reading: “No to fuel price hikes” and “We demand living wages”.

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– (Reuters)