A recent study by the IMF predicts that Nigerian energy subsidies are projected at $5.3 trillion for this year, or 6.5 per cent of global GDP. The IMF noted that energy subsidy reform can also contribute to carbon emissions reduction and help countries make pledges ahead of the Paris 2015 UN climate conference. The report also warns that Nigeria is not on track to meet its 2030 target under a Paris climate agreement.
A recent study by the IMF predicts that Nigerian energy subsidies are projected at $5.3 trillion for this year, or 6.5 per cent of global GDP. The report also warns that Nigeria is not on track to meet its 2030 target under a Paris climate agreement.