Following the decision of the federal government to reverse its stance on fuel subsidy removal, the International Monetary Fund has maintained that Nigeria needs to remove subsidies and focus funds used for subsidies to mitigate evolving health concerns as well as social development.
Responding to Nigeria’s decision on fuel subsidies, he said: “in terms of the subsidies, we have for long not just for Nigeria, but for many low-income countries that have these programme of subsidy schemes in place and we have called for scaling back of poorly targeted subsidies to create fiscal space that can then be repurposed for meeting vital health and social spending needs and that is the statute and that recommendation applies in the case of Nigeria.
Imf should build refinery for us if you want subsidy to go
IMF is one of the institution that hate the development of Nigeria and developing nation, subsidy in Nigeria is just a theory.
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