IMF raises alarm over re-emerging fuel subsidies in Nigeria

The International Monetary Fund has raised alarm over the re-emerging fuel subsidies in the Nigeria’s oil and gas sector.

According to a press statement, the IMF mission led by Mr. Jesmin Rahman expressed its concerns about rising fuel subsidies to the Nigerian authorities during a virtual meeting.

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The IMF mission led by Jesmin Rahman, according to a press release, expressed its concerns about rising fuel subsidies to the Nigerian authorities during a virtual meeting.

The IMF also 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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