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These are some newspapers headlines IMF advising Nigeria to remove fuel subsidy

FTC!!!🤗💪




God go punish our leaders & Thier families who have & are collaborating with those white thieves!!! In stealing our resources amen!!! 🙏🙏🙏


Thunder scatter Thier left spectrum amen!!!
& May they always suffer waste pain amen😂😂😂

Believe these Whitemen organizations who are bend on mailing sure Africa does not rise on your peril

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NetbizBoss:
These are some newspapers headlines IMF advising Nigeria to remove fuel subsidy

Stop helping spread misinformation. Read the actual content of the report — not just the Title.

The IMF had in its 2019 Article IV Consultation on Nigeria noted that phasing out implicit fuel subsidieswhile strengthening social safety nets to mitigate the impact on the most vulnerable would help reduce the poverty gap and free up additional fiscal space in the country.
When reminded that the removal of subsidy was a sensitive issue to Nigerians, many of who live below the poverty line, Lagarde insisted that the right thing to do was for Nigeria to embark on total fuel subsidy removal.
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 identified how much would have been saved fiscally but also in terms of human lives, if there had been the right price on carbon emission as of 2015. Numbers are quite staggering.

“I would add as a footnote as far as Nigeria is concerned that, with the low revenue mobilisation that exists in the country in terms of tax to GDP, Nigeria is amongst the lowest. A real effort has to be done in order to maintain a good public finance situation for the country. And in order to direct investment towards health, education, and infrastructure.”

The above is an excerpt from the Punch report of April 12th which you posted. Note what the IMF representative in fact said. And below is what is in fact written in the 2019 Article IV Consultation referenced in the same report. Please Google to read up more on the actual suggestion given to Nigeria from the IMF and the reasons for each. Then compare that to what Tinubu and his gang infact did this past 16 months in office.

What Tinubu did was nothing of what the IMF recommended or advised. And what the Tinubu government is now trying to do.... god knows!

Kobojunkie:
Stop helping spread misinformation. Read the actual content of the report — not just the Title.

The above is an excerpt from the Punch report of April 12th which you posted. Note what the IMF representative in fact said. And below is what was in fact written in the 2019 Article IV Consultation referenced in the same report.

What Tinubu did was nothing of what the IMF recommended or advised. And what the Tinubu government is now trying to do.... god knows!

NetbizBoss, can you now modify or delete your untrue heading

And Tinubu agreed to what Buhari resisted? This is shameful to believe that Tinubu had no agenda other than what his puppet masters dictate.

Having advised the current incompetent and clueless drug trafficker engaging in criminal state capture to remove subsidies as a prerequisite for receiving more loans. They have realised that their advice has plunged this country into the worst hardship, hunger, and starvation ever witnessed in the history of this country.

The worst thing in life is to listen and adhere to bad advice from bad people.

FG SHOULD FINANCE NNPC TO DISTRIBUTE FUEL CHEAPLY TO NIGERIANS.

So if I advise you to kill yourselves, y’all will do it? And blame the adviser? Fools being led by a fool.

Look at d date... show us d one dey told T-PAIN

So IMF advised and our leaders foolishly took the advice?