BREAKING NEWS

Nigeria president, unions end talks without deal

By REUTERS

JANUARY 16, 2012 02:32

ABUJA - Nigerian President Goodluck Jonathan and labor unions met late on Sunday but failed to reach a compromise over the removal of fuel subsidies that has raised fears of a shutdown of Nigeria's oil industry, presidency sources said.

Jonathan was expected to make a public address following the talks and unions refused to give comment until he had spoken, but several sources said no agreement had been reached. The president's address may now be aired later on Monday.

Unions said on Sunday that nationwide strikes and protests would resume on Monday if no agreement was reached.

Tens of thousands took to the streets for strikes over five successive days last week in protest against the sudden removal of a fuel subsidy on Jan. 1 that more than doubled the pump price of petrol to 150 naira ($0.93) per liter from 65 naira.

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