IMF advises Nigeria against restoring general fuel subsidies
By the AFREEQUE newsroom, based on Leadership
The International Monetary Fund advises the Nigerian government against restoring general petrol subsidies, which it considers costly and socially regressive. It instead recommends targeted financial assistance and social protection programmes to support vulnerable households, according to recommendations presented by Rodrigo Valdés at the Fund’s annual meetings in Bangkok.
The International Monetary Fund (IMF) has advised the Nigerian government against restoring general fuel subsidies. Instead, it recommends targeted financial assistance and social protection programmes to cushion the impact of higher pump prices on vulnerable people, Rodrigo Valdés, director of the IMF’s Fiscal Affairs Department, said at a press briefing on Wednesday in Bangkok, Thailand.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
