Following the Federal Government’s plan to extend the fuel subsidy regime by 18 months, the International Monetary Fund has said Nigeria will likely depend on overdrafts from the Central Bank of Nigeria to fund its proposed N2.55tn petrol subsidy bill. The IMF said this in its ‘Nigeria: Selected Issues Paper’ …
Read More »Fuel Subsidy: Labour Fumes As IMF Warns FG Against Fresh Borrowings
