The NLC is unhappy with the IMF and World Bank.
This controversy started when the World Bank projected that Nigeria would save around N3.9 trillion in 2023 if it removed subsidies and unified its exchange rates.
It's a complex issue, with valid arguments on both sides. On one hand, removing subsidies could lead to significant savings for the government, potentially boosting economic development. On the other hand, it could increase fuel prices and exacerbate poverty.
“Let’s breathe freely – NLC slams IMF, World Bank for disowning subsidy removal advisory - Daily Post Nigeria”
This controversy started when the World Bank projected that Nigeria would save around N3.9 trillion in 2023 if it removed subsidies and unified its exchange rates.
It's a complex issue, with valid arguments on both sides. On one hand, removing subsidies could lead to significant savings for the government, potentially boosting economic development. On the other hand, it could increase fuel prices and exacerbate poverty.
“Let’s breathe freely – NLC slams IMF, World Bank for disowning subsidy removal advisory - Daily Post Nigeria”
