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IMF again tasks Nigeria on removal of $5.2trn fuel subsidy

...urges creation of social protection safety net...direct investment in health, education, infrastructure

Christine Lagarde, IMF

The International Monetary Fund (IMF) on Thursday insisted that Nigeria should remove its fuel subsidy, which it said has accumulated to the tune of $5.2 trillion since 2015. The Washington-based Fund recommended the creation of a social protection safety net so that the most exposed in the population do not take the brunt of the…

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