IMF urges Nigeria to remove fuel subsidies, citing wealth transfer from poor to rich.
The International Monetary Fund (IMF) explained why it urged Nigeria to remove fuel subsidies, stating that the regime was stealing from the poor to benefit the wealthy. IMF Director, African Department, Abebe Selassie, provided insights at the ongoing Spring Meetings of the IMF and World Bank in Washington, DC. The IMF suggested the removal of fuel subsidies to provide robust social safety nets for the impoverished.
April 19, 2024
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