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IMF Warns Nigeria Against Restoring Petrol Subsidy

IMF Warns Nigeria Against Restoring Petrol Subsidy
Photo: Channels Television · view original

The International Monetary Fund (IMF) has advised the federal government against restoring a broad petrol subsidy, recommending targeted support for vulnerable households to cushion the impact of rising energy costs. The Fund said blanket petrol subsidies are expensive, often benefit higher-incom...

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