Monday 17 November 2014
FG introduces austerity measures as drop in oil price in int'l market poses threat to Nigerian economy
Following the continued drop in oil price in international market, the Federal government yesterday
announced the introduction of some austerity measures such as tax
introduction on luxury goods such as champagne, jets, amongst other, to
be implemented to reduce the effect of the
continued oil price decline on the Nigerian economy as Nigeria is
largely an oil dependent economy
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