Why Nigerian govt should reject the World Bank's fuel import proposal — CPPE

The Centre for the Promotion of Private Enterprise (CPPE) stated that the Nigerian government should reject the World Bank's proposal on fuel imports to curb inflation. CPPE's CEO, Dr. Muda Yusuf, emphasized that this policy would be counterproductive and expose the country to external shocks due to current oil price volatility. CPPE urged for a production-driven growth model, emphasizing strong domestic refining capacity and an industrialized economy.