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Nigeria fuel strike ends after Goodluck Jonathan cuts gas prices (VIDEO)

Tens of thousands of Nigerians took to the streets to protest after the price of gas rose dramatically following the elimination of a fuel subsidy on Jan. 1.

Nigeria protests oil strike suspendedEnlarge
Muslim women hold placards during Friday prayers in Lagos, Nigeria. The protests against the cancellation of a fuel subsidy that sent prices soaring was suspended Monday, Jan. 16, after Nigerian President Goodluck Jonathan agreed to cut gas prices. (Pius Utomi Ekpei /AFP/Getty Images)

Nigeria's unions have ended a general strike and mass protests over fuel prices after President Goodluck Jonathan agreed to cut the cost of gas.

On Monday, following a week of nationwide protests, the Nigerian president said he would restore part of a fuel subsidy, the BBC reported.

The price of gas skyrocketed from 65 naira ($0.40) a liter to 140 naira after the subsidy was removed on Jan. 1.

More from GlobalPost: Nigeria Protests: Oil workers strike could push up world oil prices

In a televised address to the nation, Jonathan said his government had approved the gas price to be reduced to 97 naira (about $0.60) a liter, "given the hardships being suffered by Nigerians."

Jonathan said the government would "continue to pursue full deregulation of Nigeria's downstream petroleum sector," the BBC reported.

More from GlobalPost: Nigeria: Deadly clashes as gas price strike shuts down country

Nigeria's main unions had suspended strikes and protests for the weekend, to allow more talks between union leaders and government, after five days during which tens of thousands of Nigerians took to the streets to demonstrate in Africa's largest oil producer and most populous nation.

While protests were mostly peaceful, at least three people were shot dead in clashes with police.

Oil workers had threatened to cut oil output starting Sunday if the government did not reinstate the subsidy, Reuters reported.

The threat of a cut in oil output, which provides the government with 80 percent of its revenues, was a key factor in negotiations, according to reports.

President Jonathan's government is also dealing with a string of deadly attacks blamed on the Islamist militant group Boko Haram.

More from GlobalPost: Nigeria: Fuel strike protests suspended for weekend talks

Here's a video on the latest reaction of Nigerian citizens:

Nigerian President Slashes Fuel Prices
World News Videos by NewsLook

http://www.globalpost.com/dispatch/news/regions/africa/nigeria/120116/nigeria-fuel-strike-unions-suspend-protests-goodluck-jonathan