Birdwatch Note Rating
2024-10-26 13:49:49 UTC - HELPFUL
Rated by Participant: A412AAD18D754839EDB1C23769571E7D51C9A4A3D94B0C88A6CAF78BA150FF1F
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