IMF Urges Nigeria to Target Subsidy Savings at the Poor

IMF Urges Nigeria to Target Subsidy Savings at the Poor

  The International Monetary Fund has advised Nigeria and other African governments to channel savings from subsidy reforms towards targeted social protection for vulnerable citizens amid rising living costs. The International Monetary Fund (IMF) has urged the Nigerian government to ensure that savings from subsidy reforms are directed towards social protection programmes for poor and…

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FG Slaps 10% Fine on Tax Defaulters

Subsidy Removal Yields N15.8trn Savings Over 30 Months -Oyedele

Nigeria saved 15.8 trillion naira from petrol subsidy removal and currency liberalisation between June 2023 and December 2025. Minister of Finance Taiwo Oyedele released the figures during a media briefing on the federal government’s reform scorecard in Abuja. The fiscal windfall mobilised critical liquidity across the three tiers of government. The Federal Government Reform Scorecard…

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