EXPERTS TO BUHARI: REMOVE PETROL SUBSIDY, CUT INTEREST RATES

Written by on March 7, 2019

Foreign and local economic experts have said President Muhammadu Buhari should put at the top of his second-term agenda the removal of petrol subsidy as well as the reduction of interest rates in a bid to stimulate investments and economic growth.
Experts, in a report on Tuesday said that the country is currently in a dire fiscal strait and the numbers are quite grim.
They said the Buhari administration should seek to improve efficiencies in the economy by concessioning key infrastructure and eliminating monopolies of state-owned enterprises in key sectors such as aviation, railway and electricity transmission by opening up the sectors to private sector investments


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