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W’Bank, IMF advisories harmful to Nigeria, Sagay warns Tinubu

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submitted 12 months ago by uzong

W’Bank, IMF advisories harmful to Nigeria, Sagay warns Tinubu

submitted 12 months ago by uzong

W’Bank, IMF advisories harmful to Nigeria, Sagay warns Tinubu
  • Legal scholar Itse Sagay warned against implementing World Bank and IMF economic policies in Nigeria, criticizing the removal of petrol subsidy for causing economic hardships like a crash in the naira and increased costs of living.
  • He suggested that these institutions' policies have historically failed in developing countries, leading to more suffering and economic difficulties, and advocated for tax reforms that promote productivity and fair revenue distribution among states.
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