Nigeria sees doubling oil prices after subsidy withdrawal

Oil prices almost doubled in many regions of Nigeria after the government withdrew oil price subsidy that cost $8bn a year. Residents are disappointed as higher oil price will also increase the price for other goods. Trade unions call people to go on strike. Nigeria being the African largest oil producer still imports the refined oil as corruption and malpractice made it impossible to refine oil in the country. Many citizens considered the oil subsidy as the only benefit of the national wealth.