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    Vandals Destroy 108 Power Transmission Towers

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Home Business

IMF Urges Federal Government to Stop Fuel Subsidy

2 years ago
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IMF Urges Federal Government to Stop Fuel Subsidy

The International Monetary Fund, IMF, has urged the Nigerian government to stop subsidizing fuel.

A statement issued at the end of its consultation with Nigeria, said the general government fiscal deficit was projected to widen in 2021 to 5.9 per cent of GDP.

The Washington-based lender also asked the Federal Government to remove the official exchange rate.

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