Nigerian President Announces Government Austerity
Nigerian President Goodluck Jonathan went on television Saturday to promise that the government will share hardship with ordinary citizens, hit by rising fuel costs.
The president announced that foreign travel of government officials will be reduced to the barest minimum and that salaries, including his own, will be cut by 25 percent.
"On the part of government, we are taking several measures aimed at cutting the size and cost of government, including an ongoing and continuous effort to reduce the size of our recurrent expenditure and increase capital spending," said Mr. (...)
