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Akintunde Akinleye / Reuters
Protesters hold placards and shout slogans on Ikorodu road in Nigeria's commercial capital, Lagos, Jan. 3, 2012. Hundreds of demonstrators took to the streets to protest the recent increase in fuel prices after a government subsidy was removed.
Sunday Alamba / AP
A man walks past a fire burning on a major road during a fuel subsidy protest in Lagos, Nigeria, Jan. 3, 2012. Angry mobs of protesters stopped gas station owners from selling fuel Tuesday while others lit a bonfire on a major highway in an attempt to thwart the government's removal of a cherished consumer subsidy that had kept gas affordable for more than two decades.
Akintunde Akinleye / Reuters
Policemen beat up a protester during a rally against the removal of the fuel subsidy in Nigeria's commercial capital Lagos Jan. 3, 2012. Hundreds of demonstrators in Nigeria's commercial capital Lagos shut petrol stations, formed human barriers along motorways and hijacked buses on Tuesday in protest against the shock doubling of fuel prices after a government subsidy was removed.
AP reports:
An angry mob protesting spiraling fuel prices assaulted a soldier Tuesday and one man was killed at a demonstration elsewhere, signs of growing unrest over the government's hugely unpopular decision to end a subsidy program that had kept gas costs down for more than two decades.
An Associated Press reporter at the scene in the megacity of Lagos said the protest had started with activists wielding signs and walking down a major expressway, but before long angry protesters lit bonfires and vandalized at least three gas stations. A wounded man later ran along the road shouting: "The police shot me, take me to hospital!"
In the central city of Ilorin, another violent protest where policemen fired tear gas left a man dead. The National Labor Congress accused the police in a statement Tuesday of shooting the "antifuel hike protester." Continue reading...
Leave a Comment:
is that kate plus eight remarking at the top!!!!!!!!!
The way it works is nothing as sinister as this last entry proclaims; the oil companies do well when demand exceeds supply and they lose money when it reverses, and there's nothing they can do about it. It is true these are some of the biggest numbers that big oil has ever seen but it's due to our lack of drilling in this country .....if you believe anything else I feel sorry for you MORE FACTS LESS FICTION
......and I care about Nigerians as well as all cultures, who doesn't?? Really?? How do you function without a heart...must be chilly and empty
The nigerians need to nut up and fix their problems. Having a heart doesn't mean you have to feel sorry for every jerkwater turd hole on the planet. They are upset about oil prices so they riot and burn old tires? I should feel sorry for a bunch of low life dumb @!$%#s? No thank you. Let the whole place burn down. No one will miss it!
Simplicity is bliss and the balance sheet seems so black and white .Its about profit and loss right? This is a constructed reality. Virtual markets created from trading shares of possible future profits are unsafe financial products and a part of this virtual market. America needs real markets not unsafe financial markets . Unsafe financial products and the trading shares market is an out of control monster which has lead to this global financial meltdown. You think that the oil future trading shares are real? They are not and you at the gas pump are paying for it. The fat cats oil companies are not paying for it and it is not effecting their bottom line.
Virtual may seem glamorous may be the tempting lotto ticket but for Americans those losses that the big boys are facilitating are being passed off on you the consumer.
I thought monkeys liked to swing on tires not burn them.....
D 2832979 Sounds like noone would miss you/
And as far as virtual anything..thats a real uninteresting way of saying everything is corrupt
it certainly isn't; all the gears are there in the machine, they are simply not working together like designed 200 years ago..nothing new, nothing temporary; either it works or it doesn't----Pragmatism THINGS ARE THAT BLACK AND WHITE corruption belongs in the courtroom and that is what governments should be for
IT IS NOT WALLSTREET--IT IS THE POLITICIANS PLAYING GOD when they clearly have no capacity for it---The oil companies dipped to 42 dollars a barrel not that long ago--And the icecaps will be back as well SEE THE STRINGS YET??
What's the surprise? Everything makes such people "turn violent."
The issue for Nigerians isn't just about the Fuel Subsidy. It's about corruption. Nigeria is the 6th largest producer of crude oil. The power sector is comatose. When buying gas for your car, you have to buy for your generating sets as well. Many businesses, factories etc. run on generating sets. This is country where over two thirds live on less than $2 (300 Naira) per day, yet the presidency budgets almost a billion naira on food and entertainment and senators earn well over $150,000 monthly. O\\