IMF Explains Motives For Advising Nigeria To Scrap Fuel Subsidy
Eko Hot Blog reports that the International Monetary Fund (IMF) has shed light on its recommendation for Nigeria to abolish fuel subsidies. Emphasizing the detrimental effects of the subsidy regime, the IMF contends that the regime was robbing the poor for the rich. The Director of the African Department of the Fund, Mr. Abebe Selassie, … Read more