BUSINESS● ELEVATED2h ago · Oct 14, 2026, 6:50 AM
‘It’s Regressive’ – IMF warns Nigeria against restoring petrol subsidy
Vanguard Nigeria · sub saharan africa
The International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately benefited higher-income consumers and could worsen pressure on public finances amid rising borrowing costs. Rodrigo Valdés, […] The post ‘It’s regressive’ – IMF warns Nigeria against restoring petrol subsidy appeared first on Vanguard News.
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