The nationwide strike against government’s removal of fuel subsidy is costing the economy about N100 billion ($617million) daily, the Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, has said.
Also, Sanusi called for an agreement between the Federal Government and labour that would bring about gradual removal of the subsidy.
Sanusi who disclosed this to Reuters, also said he expected inflation to rise to about 14 to15 per cent by the middle of this year, up from its current position of 10.5 percent, due to the impact of subsidy removal.
Jan132012