Protect poor, vulnerable Nigerians with savings from subsidy removal, IMF tells Nigerian govt

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Protect poor, vulnerable Nigerians with savings from subsidy removal, IMF tells Nigerian govt
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The government recently removed subsidies on petrol and unified the various windows of the foreign exchange market.

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There have equally been reforms in the nation’s power sector, with an attendant increase in electricity tariff. “Some of the savings from the fuel subsidy reforms and fx subsidy being removed should now be directed to help cushion the effects on the most vulnerable households,” Mr Selassie said. Whether you turn to Premium Times for daily updates, in-depth investigations into pressing national issues, or entertaining trending stories, we value your readership.

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