IMF acknowledges the reintroduction of petrol subsidies under Tinubu
The International Monetary Fund (IMF) has announced that the Nigerian government has begun subsidizing premium motor spirit (PMS), also known as fuel. Recall that on May 29, 2023, during his swearing-in speech, President Bola Tinubu proclaimed the end of petrol subsidies. A few weeks later, the Central Bank of Nigeria (CBN) combined the several exchange…