IMF warns against blanket petrol subsidies, suggests targeted support for poor, vulnerable people
Mr Valdes spoke in response to a question on how the IMF could recommend energy prices to reflect scarcity when higher fuel prices in Nigeria and some other countries have led to higher cost of living, increased transport costs, worsening inflation, and poverty.
READ ALSO: Targeted support, not subsidies, can best protect people when inflation surges IMF Local Debates Debates over the propriety of fuel subsidy has been at the centre of discussions in Nigeria in recent weeks, ahead of a crucial election slated for January.
The International Monetary Fund (IMF) on Wednesday warned against blanket subsidies, saying targeted support for vulnerable and poor people provides better results.
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