World Bank Commends FG For Removing Petrol Subsidy
October 15, 2020
4:16 am
Mr David Malpass, President of the World Bank Group, has commended the Muhammadu Buhari Government for removing subsidies on petroleum products.
He said this in Washington D. C. on Wednesday at the opening press conference for the World Bank at the ongoing 2020 International Monetary Fund (IMF)/World Bank virtual annual meetings.
Malpass was responding to a question on whether the World Bank saw an opportunity or problem regarding the enormous youth population in Nigeria, alongside rising unemployment and the burden of COVID-19.
“I compliment Nigeria for tackling the problem of subsidies in the hydrocarbon area.
“By reducing those subsidies and …
