The International Monetary Fund (IMF) has advised Nigeria and other countries still subsidising fuel for domestic consumption to stop doing so. The IMF said fuel subsidy removal would help boost revenue and improve on local infrastructure development. The IMF President, Christine Lagarde, said this on Thursday in Washington DC at a news conference during the ongoing IMF/World Bank meeting. She said subsidy payment had consumed about $5.2 trillion globally from 2015 till date. She said such amount would have been used to improve education, health system, water and infrastructure for the majority of the poor people in most countries. In particular, she said IMF wanted Nigeria to remove the subsidy due to paucity of fund to take care of its infrastructure reforms and other social services. “Nigeria has among the lowest Tax to GDP ratio which signifies low revenue mobilisation for the government and the only way to fill […]