Gasoline Prices: Populous Nation

Femi Gbajabiamila Dept: LAGOS, Nigeria - Nigerian lawmakers on Sunday turned against the president's decision to end government fuel subsidies that kept gasoline prices low, just ahead of a planned labour strike that could paralyze Africa's most populous nation, according to Winnipeg Free Press. "There exists a 1 per cent cabal. It is upon this plank and premise the executive seeks to remove the subsidy," said Rep. Femi Gbajabiamila, a member of the opposition party Action Congress of Nigeria. "This cabal and their associates represent perhaps the biggest economic and financial crime in the history of Nigeria." CORRECTS YEAR - An unidentified woman carries fuel from a petrol station in Lagos ,Nigeria, Sunday, Jan. 8, 2012. Nigerian lawmakers on Sunday turned against the president's decision to end government fuel subsidies that kept gasoline prices low, just ahead of a planned labor strike that could paralyze Africa's most populous nation. AP Photo/Sunday Alamba Meeting in an emergency session, Nigeria's House of Representatives shouted down supporters of President Goodluck Jonathan as they voted for a resolution calling on him to restore subsidies that cost the country about $8 billion a year. But their moves failed to mollify unions organizing the strike set to start Monday. (www.immigrantscanada.com). As reported in the news.