nigeria fuel subsidy removal
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Nigeria Nigeria’s Fuel Subsidy Removal: IMF Denies Influence, Calls for Social Support
The IMF recently clarified that it had no involvement in Nigeria’s decision to remove fuel subsidies, emphasizing that the policy was a domestic choice. During a press conference, IMF's Abebe Selassie highlighted the need for social investments to mitigate the impact on vulnerable Nigerians amid...- Nigeria News
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- 1 min read
- abebe selassie imf nigeria fuel subsidy removal nigerian government policy
- Category: Business
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Nigeria Nigerian Finance Minister Reveals $600 Million Spent Monthly on Fuel Imports for Neighboring Countries
Nigeria’s Finance Minister Wale Edun reveals that the country’s $600 million monthly fuel imports also serve neighboring nations, not just Nigeria. This disclosure, following the subsidy removal on May 29, 2023, has sparked controversy and criticism, intensifying the #EndBadGovernance protests...- Nigeria News
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- 1 min read
- fuel importation nigeria fuel imports nigeria fuel subsidy removal wale edun
- Category: Metro
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Nigeria Nigeria Spends $600M Monthly on Fuel Imports, Says Finance Minister Wale Edun
Nigeria spends $600 million monthly on fuel imports, Finance Minister Wale Edun reveals. This high cost, attributed to neighboring countries benefiting from Nigeria's fuel, led to the removal of the fuel subsidy. Edun emphasizes the lack of accurate domestic consumption data and the focus on...- Nigeria News
- Article
- 2 min read
- fuel expenditure nigeria fuel import cost nigeria fuel subsidy removal wale edun
- Category: Business
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