JUST IN: It was a domestic decision, IMF debunks advising Nigeria to stop fuel subsidy

The International Monetary Fund (IMF) has stated that the decision to remove the fuel subsidy in Nigeria was made by the Nigerian government and was not a recommendation from the organization.

Abebe Selassie, the IMF’s African Region Director, made this clarification during a briefing on Friday at the IMF and World Bank Annual Meetings held in Washington, D.C.

“The decision was a domestic one. We don’t have programmes in Nigeria. Our role is limited to regular dialogue, as we have with other nations like Japan or the UK,” he said.

More to follow…