Tag: IMF
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Fuel Subsidy Removal:Nigerians in the Dark as IMF Adds to the Mix
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Fuel Subsidy Removal: A Boon or Bane for Nigeria’s Economy? In the midst of ongoing confusion surrounding the removal of fuel subsidies in Nigeria, President Bola Tinubu in April, defended his administration’s decision at the World Economic Forum in Riyadh, Saudi Arabia. Tinubu emphasized the necessity of removing the subsidy…
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Thomas Sankara: Championing Self-Reliance for a Free Africa
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In October 1987, Thomas Sankara, the visionary leader of Burkina Faso, was tragically assassinated in a coup d’état. Just months before his death, in a compelling interview, Sankara passionately articulated his resolute stance against foreign aid and his unwavering belief in the power of self-reliance to liberate Africa. Sankara’s philosophy…
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Shocking Surge: IMF Urges Nigeria to Shock Citizens with Electricity and Fuel Price Hike
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Navigating Economic Waters: Nigeria Faces IMF Pressure to Increase Electricity and Fuel Prices In a move that has left many stunned, the International Monetary Fund (IMF) has called on the Nigerian government to completely eliminate subsidies for fuel and electricity. The IMF argues that these subsidies, though well-intentioned, are not…