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Vol 53 No 2

Published 20th January 2012


Nigeria

Sanusi hits out at subsidy racket

Almost alone among his colleagues in government, Central Bank of Nigeria Governor Sanusi Lamido Aminu Sanusi has made a credible case for the removal of fuel subsidies*. He argues for direct measures – such as cash transfers – to help working people but insists that corrupt fuel traders and marketeers together with stock market manipulators were the prime authors of the banking crisis of 2009. Sanusi shows how fuel subsidy fraud works.

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