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The International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately…
The International Monetary Fund (IMF) has advised the Federal Government against reinstating broad-based petrol subsidies, recommending targeted financial assistance to vulnerable households to cushion the effects of rising energy prices.