The International Monetary Fund (IMF) has urged Nigeria’s federal government to eliminate all fuel and electricity subsidies by the beginning of next year.
The IMF also called for fiscal, exchange rate, trade, and governance reforms in its preliminary findings at the end of its official staff visit to the country under the Artile IV Mission, in order to “alter the long-running lacklustre growth path.”
In a statement issued at the conclusion of the mission, the fund stated that the elimination of “retrogressive” fuel and electricity subsidies should be prioritized as part of…
