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. A recent study by the IMF predicts that Nigerian energy subsidies are projected at about 2.2 billion for this year , or $5.3 trillion of global GDP. Subsides are expected to remain high despite sharp declines in international energy prices; the subsidy per a litre of fuel was N46.58 while the landing cost stands at N118.09 meaning the country is expected to spend $5.3 trillion on fuel subsidy from a consumption of 48 million litres of fuel.
A recent study by the IMF predicts that Nigerian energy subsidies are projected at about 2.2 billion for this year , or $5.3 trillion of global GDP. Subsides are expected to remain high despite sharp declines in international energy prices; the subsidy per a litre of fuel was N46.58 while the landing cost stands at N118.09 meaning the country is expected to spend $5.3 trillion on fuel subsidy from a consumption of 48 million litres of fuel.