An erstwhile Chairman of the Independent National Electoral Commission, INEC, Prof. Attahiru Jega, has urged the Nigerian government not to take every advice offered by the Bretton Woods institutions - the World Bank and the International Monetary Fund, IMF.
Jega said while it is good and useful to engage with the institutions, the government must be careful not to plunge the country into a long-term problem. The former INEC boss gave this advice while speaking at the ongoing 2024 Annual Directors’ Conference with the theme, 'Good Governance as a Catalyst for Economic Recovery, Growth, and Development', organised by the Chartered Institute of Directors of Nigeria, CIoD.
But the IMF’s African Region Director, Abebe Selassie, had, at a briefing on the sidelines of the IMF and World Bank Annual Meetings in Washington DC, US, claimed that the organisation did not advise Tinubu to remove fuel subsidy. “The decision was a domestic one. It was President Tinubu’s decision. We don’t have programmes in Nigeria. Our role is limited to regular dialogue, as we have with other nations like Japan or the UK,” he said.
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