Lagarde’s subsidy principle, govt’s laggards and miscellanies

Lagarde’s subsidy principle, govt’s laggards and miscellanies

The Managing Director of the International Monetary Fund, IMF, Ms Christine Lagarde has come again, and from a familiar and turfy terrain, the strictures of subsidy in Nigeria. At the IMF/World Bank Group Spring Meetings in Washington DC last week, Lagarde explained why the Fund is insisting on fuel subsidy removal in Nigeria. In her strong opinion, the huge amount spent on subsidy would have freed resources to enable the government to spend more on infrastructure and build roads, hospitals and schools, for the people. Her footnote for Nigeria was that with the low revenue mobilisation that exists in […]

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