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  Christine Lagarde, Managing Director of International Monetary Fund (IMF) has advised the Nigeria government to remove fuel subsidy and channel the money to the provision of social amenities for the country. Speaking during a press conference at the ongoing j find oint annual spring meetings with the World Bank in Washington DC, Lagarde stated that with the low revenue the country is generating, removing fuel subsidy is the best option, as it would enable it save enough funds to provide the necessary social needs of the people. She said, “I will give you the general principle. For various reasons and as a general principle, we believe that removing fossil fuel subsidies is the right way to go. If you look at our numbers from 2015, it is no less than about $5.2tn that is spent on fuel subsidies and th house e consequences thereof. And the Fiscal Affairs Department has actually identified how much would have been saved fiscally but also in terms of human lives if there had

  Christine Lagarde, Managing Director of International Monetary Fund (IMF) has advised the Nigeria government to remove fuel subsidy and channel the money to the provision of social amenities usatimes.cc for the country. Speaking during a press conference at the ongoing joint annual spring meetings with the World Bank in Washington DC, Lag usanews.cc arde stated that with the low revenue the country is generating, removing fuel subsidy is the best option, as it would enable it save enough funds to provide the necessary social needs of the people. She said, “I will give you the general principle. For various reasons and as a general principle, we believe that removing fossil fuel subsidies is the right way to go. If you look at our numbe news rs from 2015, it is no less than about $5.2tn that is spent on fuel subsidies and the consequences thereof. And the Fiscal Affairs Department has actually identified how much would have been saved fiscally but also in terms of human

  Christine Lagarde, Managing Director of International Monetary Fund (IMF) has advised the Nigeria government to remove fuel subsidy and channel the money to the provision of social amenities for the country. Speaking during a press conference at the ongoing joint annual spring meetings with the World Bank in Washington DC, Lagarde stated that with the low revenue the country is generating, removing fuel subsidy is the best option, as it would enable it save enough funds t webapex.net o provide the necessary social needs of the people. She said, “I will give you the general principle. For various reasons and as a general principle, we believe that removing fossil fuel subsidies is the right way to go. If you look at our numbers from 2015, it is no less than about $5.2tn that is spent on fuel subsidies and the consequences thereof. And the Fiscal Affairs Department has actually ide westernmagazine.org ntified how much would have been saved fiscally but also in terms of huma