
Ignore Protests, Remove PMS Subsidy, IMF Advises FG
In the wake of the controversies surrounding the removal of fuel subsidy, International Monetary Fund (IMF) has insisted that the removal of fuel subsidy remains the panacea to Nigeria’s economic recovery.
In its World Economic Outlook report, IMF executive directors urged the government to devise means ofcompensating the poor, stressing that the saved resources should be transparently utilised.
‘Directors highlighted the urgency of fiscal consolidation to create policy space and reduce debt sustainability risks.
In this regard, they called for significant domestic revenue mobilisation, including by further increasing the value-added tax rate, improving tax compliance, and rationalising tax …















