IMF says Nigeria’s renewed use of fuel subsidies is a concern
The Nigerian economy has started to gradually recover but unemployment is high, says IMF
17 June 2021 - 19:37
London — The International Monetary Fund (IMF) said on Thursday it was concerned by Nigeria's move to renew fuel subsidies and urged the government to continue efforts to unify its exchange rates.
Africa's largest oil exporter, which still has to import almost all its fuel needs due to lack of refining capacity, said it had ended costly fuel subsidies in 2020...
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