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Tuesday 23 November 2021

World Bank joins IMF to call for cancellation of fuel subsidy regime in Nigeria

World Bank joins IMF to call for cancellation of fuel subsidy regime in Nigeria: The World Bank said the petrol subsidy has cost Nigeria N864 billion in the first nine months of 2021, up from N107 billion in 2020 and the highest deduction in six years, as oil prices increase the cost of imports.

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