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Nigeria fuel strike cost economy $1.2 billion- NBS

Proshare

Wednesday January 18, 2012 10:58am

Nigeria's economy lost out on an estimated 207.4 billion naira ($1.27 billion) due to an eight day strike this month prompted by a dispute over the removal of fuel import subsidies, the national bureau of statistics said on Wednesday.

Nigeria consumer inflation edged down slightly year-on-year in December to 10.3 percent, from 10.5 percent the month before, it said. Food inflation rose 11 percent in December, up from 9.6 percent in November, the data showed.

 

Source: Reuters (Reporting by Joe Brock)

 

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