Government Debt - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Thu, 08 Aug 2024 19:38:17 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Government Debt - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 In deluge of protests, fuel subsidies prove hard to abolish https://www.garnertedarmstrong.org/in-deluge-of-protests-fuel-subsidies-prove-hard-to-abolish/?utm_source=rss&utm_medium=rss&utm_campaign=in-deluge-of-protests-fuel-subsidies-prove-hard-to-abolish Thu, 08 Aug 2024 19:38:17 +0000 https://www.garnertedarmstrong.org/?p=46252 LONDON, Aug 8 (Reuters) – Like thousands of Nigerians and millions of others across the developing world, higher fuel costs have irked Antonia Arosanwo. “I am angry,” the 46-year-old mother of five said at a bus stop in Lagos, the … Read More

The post In deluge of protests, fuel subsidies prove hard to abolish first appeared on Garner Ted Armstrong Evangelistic Association.

]]> LONDON, Aug 8 (Reuters) – Like thousands of Nigerians and millions of others across the developing world, higher fuel costs have irked Antonia Arosanwo.

“I am angry,” the 46-year-old mother of five said at a bus stop in Lagos, the teeming commercial capital of Africa’s most populous nation.

Her journey from Ojuelegba, a bustling suburb just 8 miles north of Lagos’s business district, has more than doubled in price to 700 naira (45 U.S. cents) since the government announced an end to fuel subsidies last year – allowing petrol prices to triple.

Arosanwo’s anger mirrored that of thousands of other Nigerians, whose nationwide protests last week demanding protection from rocketing inflation, spreading hunger and dwindling jobs rattled the government.

Nearly all had one core complaint: fuel prices.

Across Africa – and a string of other emerging market nations – debt-laden governments trying to shed costly fuel subsidies are running headlong into angry populations reeling from years of increasing living costs.

Continue reading HERE

Source: https://www.reuters.com/world/africa/deluge-protests-fuel-subsidies-prove-hard-abolish-2024-08-08/

[Disclaimer]

The post In deluge of protests, fuel subsidies prove hard to abolish first appeared on Garner Ted Armstrong Evangelistic Association.

]]>