Global lender Warns country of Looming Insolvency The World Bank, for the umpteenth time on Wednesday, warned that Nigeria is currently on life-support with death imminent if it chooses to sustain the current subsidy on petroleum products. Platforms Africa reports that this came against the backdrop ofthe Nigerian Government’s projection to spend N6.7trillion on petrol subsidy payments in 2023, The global lender said this through Rajul Awasthi, senior public sector specialist, domestic resource mobilisation, who spoke at a virtual pre-summit themed: Critical Tax Reforms for Shared Prosperity, an event organised by the Nigerian Economic Summit Group (NESG).…
Read MoreWorld Bank Raises the Alarm Over Nigeria’s N6.7trn Annual Fuel Subsidy
