IMF urges Nigeria to scrap fuel subsidies, target poor with support - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Nigeria should remove untargeted fuel subsidies and channel resources to the poor, the International Monetary Fund said on Monday, warning that the budget deficit was expected to widen in 2021 despite a recovery in international crude prices.

With an election set for next year, Nigeria’s government last month rowed back on a promise to end costly subsidies of petrol by the end of June, a decision that has in the past led to violent protests.

That compares with 5.7% in 2020. “Directors also urged the removal of untargeted fuel subsidies, with compensatory measures for the poor and transparent use of saved resources,” the IMF said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I saw several people testifying of making so much money with the help of Vina_Redmon on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make $5000 in one week, thank you Vina_Redmon for transparency and trust.

I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rolling blackouts suspended - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom has announced that rolling blackouts have been suspended due to sufficient recovery in generation capacity. The power utility says rolling blackouts assisted in replenishing the emergency generation reserves for the week ahead. Fourways still without power since Friday! I'm sharing this because this was exactly how i saw so many posts about Hendricksnino12 church and how he was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact him via his profile link below 👇👇 Hendricksnino12
Source: SABCNews - 🏆 37. / 51 Read more »

MONEY LIVE | Sibanye-Stillwater completes R1.5bn acquisition of French nickel facility | Fin24MONEY LIVE | Sibanye-Stillwater completes R1.5bn acquisition of French nickel facility - Is Sibanye becoming a nickel & dime company
Source: Fin24 - 🏆 21. / 63 Read more »