IMF denies influencing Nigeria’s fuel subsidy removal, currency floatation

The International Monetary Fund (IMF) has denied influencing the Nigerian government into removing the contentious fuel subsidy and floating the naira.

The Bretton Wood institution declared that though it supported the moves, the policies were purely domestic choices.

President Bola Tinubu on May 29 last year announced an end to fuel subsidy regime and capped it off with the liberalisation of the foreign exchange (FX) market.