The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.
The Washington-based lender in a new biannual report known as Africa’s pulse disclosed that increasing fuel subsidy poses a high risk to the country’s economic growth, despite the increase in oil prices.
According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country, weak oil production hampers economic recovery.
It added that the high cost of fuel subsidies, due to the increase in oil prices, may deteriorate the country’s fiscal balance.
Related posts:
Severe drought in Namibia puts over 500,000 at risk
NDLEA committed to increasing risk of drug trafficking in Nigeria – Marwa
Fuel Subsidy will crumble Economy, we need another Model
Impact of subsidy devastating on Nigerian Economy – Economist
Lagos Fire Service puts out fire at bank premises in Badagry
Slow public spending affecting Rwanda’s economy – World Bank
World Bank warns global economy in precarious position due to weak growth
Naira redesign: World Bank concerns genuine but not as high-Johnson Chukwu
