Birdwatch Note Rating
2024-10-26 19:07:24 UTC - HELPFUL
Rated by Participant: 9BC45FFB05249FF54ABF6676BEBDE6FEE030BE2F0635A2C172F91F87F21A407D
Participant Details
Original Note:
IMF told Nigeria to scrap fuel subsidies in 2022 https://www.reuters.com/world/africa/imf-urges-nigeria-scrap-fuel-subsidies-target-poor-with-support-2022-02-08/ Also, the IMF 2024 Post Finance Assessment of Nigeria specifically quotes IMF saying that "FUEL and electricity SUBSIDIES are costly, do not reach those that most need government support AND SHOULD BE PHASED OUT COMPLETELY" https://www.esi-africa.com/finance-and-policy/imf-to-nigeria-phase-out-costly-fuel-and-electricity-subsidies/#:~:text=Fuel%20and%20electricity%20subsidies%20are%20costly%2C%20do%20not%20reach%20those%20that%20most%20need%20government%20support%20and%20should%20be%20phased%20out%20completely https://www.imf.org/en/Publications/CR/Issues/2024/02/09/Nigeria-Post-Financing-Assessment-Discussions-Press-Release-and-Staff-Report-544643
All Note Details