Don’t return fuel subsidy – IMF warns FG

Daily Post Nigeria ·
Economy Trade Nigeria
Nigeria

The International Monetary Fund, IMF, has warned Nigeria against restoring broad petrol subsidy. According to TheCable, the IMF instead recommended targeted support for vulnerable households to cushion the impact of rising energy costs. The international financial body said blanket petrol subsidies were expensive, often benefited higher-income consumers disproportionately and could worsen fiscal…

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