IMF To Nigeria: End fuel subsidies, Ignore Protests
With controversy swirling around Nigeria's fuel subsidies, the International Monetary Fund (IMF) asserts that removing fuel subsidies will be the only solution to the country's economic recovery.
The Executive Directors of the World Economic Outlook report recommended that...
Nigerians have said the current fuel price increase is a ploy by the Buhari administration to impose the botched petrol subsidy removal on them. In response to the failure to remove subsidies from petrol, they claim the government has created artificial scarcity to inflate...
Remove Official Exchange Rate, Fuel Subsidy, IMF Urges FG
Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel.
The Washington-based lender also asked the Federal Government to remove the...
Transport Fares Rise By 283% Amid Rising Fuel Subsidy
A National Bureau of Statistics report shows that intra-city transport fares in Nigeria have increased by 283 per cent on the average amid the rising cost of fuel subsidy to the Federal Government.
The average cost of...
Fuel Subsidy Hits N1.03trn, NNPC To Deduct N199bn From Federation Account
Amid plans by the Federal Government to remove subsidy on petroleum products next February, a government report shows the subvention has gulped N1.03tn in the first 10 months of this year. The document also...
Subsidy Regime: Curse or Blessing to Nigeria?, by Sani Danaudi Mohammed
When nations, countries, states, local governments and communities fail to take right decisions for fear of resistance from the governed, their future is bleak. They become vulnerable to a collapse in security, thereby losing...
