The International Monetary Fund, IMF, said yesterday that Nigeria’s subsidy bill would hit N6 trillion by end of this year. IMF also disclosed that it had given Nigeria $6. 8 billion facilities between 2020, in the wake of the COVID-19 pandemic, and now. Resident Representative of the Fund for Nigeria, Mr. Ari Aisen, who disclosed this while presenting the latest Sub-Saharan Africa Regional Economic Outlook in Abuja, said at the currently monthly subsidy bill of N500 billion, it would sum up to N6 trillion by end of year. READ ALSO…
Read MoreNigeria’s Petrol Subsidy To Hit N6trn by December, IMF Warns
