Posted 2/14/2024, 3:22:38 PM
IMF: Nigeria Quietly Reintroduced Fuel Subsidies after Pledging to End Them
- IMF confirms Tinubu government has secretly restored fuel subsidies after initially removing them
- Government had removed subsidies to unify exchange rates and curb inflation
- Restoring subsidies has partially reversed earlier subsidy removal decision
- Nigerians reacting with surprise, skepticism, criticism to IMF statement
- Some say subsidy removal was a scam, others say government is afraid people will revolt if fuel prices spike