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October 25, 2024 IMF Clarifies: Subsidy Removal Was a Domestic Decision

The International Monetary Fund (IMF) has clarified that it was not involved in the removal of Nigeria’s fuel subsidy, stating that this decision was made solely by the Nigerian government. Abebe Selassie, the IMF’s African Region Director, addressed this during a briefing at the IMF and World Bank Annual Meetings in Washington, DC, on Friday.

“The decision was a domestic one,” Selassie explained. “We don’t have any active programs in Nigeria. Our role is limited to regular dialogue, similar to our engagements with other countries like Japan or the UK.”

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