The International Monetary Fund has advised Nigeria against restoring broad fuel subsidy controls, urging the government to adopt targeted support measures for vulnerable households.
The Federal Government plans to evaluate the 30-day petrol discount scheme introduced through the Nigerian National Petroleum Company (NNPC) Limited. Afterwards, officials will determine whether further state intervention is necessary. Minister of Finance, Taiwo Oyedele, disclosed that the assessment will guide future fiscal and energy decisions. Consequently, the administration aims to review market responses and…
