URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Tinubu’s Cabinet Reshuffle Politically Motivated-Former Minister Shittu Says
    October 25, 2024
    PDP Vice Presidential Candidate, Ifeanyi Okowa Picked Up By EFCC
    November 4, 2024
    Your Welfare Shall Be Priority-Gov Okpebholo Promises Edo, Unveils Five Point Agenda
    November 12, 2024
    Latest News
    2027: Presidency: Regardless of ADC Zoning, I’m Still in the Race-Rotimi Ameachi
    August 28, 2025
    2027: Olawepo-Hashim; Real Reason I’m Not In Support of Zoning Principle
    August 28, 2025
    Ex-Ondo Gov Aide: Traditional rulers’ Powers End At the LG Level
    August 27, 2025
    2027: Members Endorsing Tinubu Will Face Serious Sanctions-PDP Party Chieftain
    August 26, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Removal of Subsidy In Nigeria Not Ours,  It Was Tinubu’s Decision-IMF
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Discover > Removal of Subsidy In Nigeria Not Ours,  It Was Tinubu’s Decision-IMF
DiscoverPolitics

Removal of Subsidy In Nigeria Not Ours,  It Was Tinubu’s Decision-IMF

urbanexpresslive
Last updated: October 25, 2024 8:59 pm
urbanexpresslive
Share
2 Min Read
SHARE

Olusegun Ariyo

The International Monetary Fund (IMF) says it played no role in the removal of fuel subsidy by the President Bola Tinubu administration.

It made the clarification at a press conference during the IMF and World Bank Annual Meetings in Washington DC, United States.

Abebe Selassie, IMF’s African Region Director, described the decision to remove fuel subsidy by Tinubu’s government as a domestic one.

“The decision was a domestic one. We don’t have programmes in Nigeria. Our role is limited to regular dialogue, as we have with other nations like Japan or the UK,” the official said, according to Vanguard.

However, Selassie argued that the government’s choices regarding subsidy removal reflect its long-term strategy for sustainable economic growth.

“We recognise the significant social costs involved. The government can mitigate these by expanding social protection for the most vulnerable,” he said in reference to Nigerians affected by the impact of subsidy removal.

 Tinubu announced that subsidy was gone on May 29, 2023.

The development has led to an astronomical hike in the fuel pump price, with a litre selling for over N1000 as of the time of this report.

Many Nigerians had accused the government of following IMF policies in implementing total subsidy removal.

You Might Also Like

2027: Tinubu Betrayed Me, Asari Dokubo Sounded Alarm, Says he’ll Form Alliance With North

US: Why Judge Dismisses Criminal Case Against New York Mayor, Eric Adams

Two officers Killed As Gunmen Attack Umunze Police Station In Anambra

Transfer: Why Osimhen Demands Special Shirt Number 45 At Galatasaray

Gaza Hospital Attack: UN Accuses Isreal of War Crimes

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Seven Days Warning Strike of Health Workers Begins  Nationwide
Next Article Reactions As Police, NSCDC Clash in Osun
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

2027: Presidency: Regardless of ADC Zoning, I’m Still in the Race-Rotimi Ameachi
Discover Politics August 28, 2025
2027: Olawepo-Hashim; Real Reason I’m Not In Support of Zoning Principle
Discover Politics August 28, 2025
Carabao Cup: Why Amorim Defended Onana After Man Utd’s Defeat To Grimsby Town
Urban Sports August 28, 2025
Champions League: Real Reason Benfica Eliminated Fernabache From Competition
Urban Sports August 28, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account