FISCAL CRISIS…Subsidy Removal, Naira Float Saved Nigeria – World Bank …C0NTINUE READING HERE >>>
The World Bank Group has stated that Nigeria would have entered a fiscal crisis worse than the current situation if the federal government had not taken the bold steps of removing fuel subsidies, floating the currency, and adjusting electricity tariffs, amongst other measures.
“Nigeria took the bold and courageous move to undertake difficult but critical reforms. This is against an already fragile economic position, high food and transport inflation, and other heightened uncertainties.
“If these reforms had not been implemented, Nigeria would have fallen into a serious fiscal crisis…
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