The IMF/World Bank did not instruct or direct the Federal Government to withdraw fuel subsidy, the Minister of Labour and Productivity, Chukwuemeka Wogu, said in Abuja on Tuesday.
He said government took the decision in the best interest of the country and its citizenry and also to stimulate the economy.
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The minister was reacting to claims by opponents of the decision that government was taking dictation from the Breton Woods institutions on how to manage the nation’s economy.
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He stressed that the Federal Government would not take decisions that were injurious to Nigerians and reassured that fuel subsidy withdrawal became necessary to save the nation’s economy from going adrift.
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Wogu argued that the subsidy withdrawal policy begun 15 years prior to 2012 under past administrations and that it was time to put the economy on a straight path.
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