Fuel Subsidies: IMF Raises Alarm Over Re-emergence

The leader of International Monetary Fund Mission, Mr. Jesmin Rahman has raised alarm over the re-emerging fuel subsidies in the Nigeria’s oil and gas sector.

IMF, according to a press statement, expressed its concerns about rising fuel subsidies to the Nigerian authorities during a virtual meeting.

The IMF stressed the significance of introducing market-based fuel pricing systems and the need to establish well targeted social support to curtail any impact on the poor.

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