The $3.4 billion emergency financial assistance received by Nigeria from the International Monetary Fund (IMF) came with a huge price that the Nigerian people will have to pay in pain. As part of the agreement to secure the emergency financial assistance, Nigeria and IMF agreed that the fund will be judiciously used and the oil and electricity subsidies will be totally removed. In view of this, the federal government of Nigeria is gearing up to review electricity charges upward as part of efforts to revamp the economy from the ravages of coronavirus pandemic. The Minister of Finance Zainab Ahmed and … Continue reading Nigerian Government to Remove Electricity Subsidy – It will Be A Battle.
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