Nigeria spent about $35bn (N6.9bn) in the last five years to subsidise petroleum products, the World Bank has said. In its ‘Nigeria Economic Report No. 3’, which was released in Abuja on Tuesday, the bank said fuel subsidy incapacitated the country’s ability to save for the rainy day occasioned by falling crude oil prices in the international market.
No fewer than 600 teachers have been killed and 19,000 others displaced since terror sect, Boko Haram, began its violence campaign in the North-East, the Nigeria Union of Teachers said on Monday.
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