The IEA advocates for fuel subsidy removal to ensure energy security

The International Energy Agency (IEA) has advocated for the removal of fuel subsidies as a pathway to energy security, especially in resource-dependent countries like Nigeria.  

In its October 2022 World Energy Outlook (WEO), the IEA said inefficient fossil fuel subsidies are a major hindrance to a more sustainable future.

The report noted that although there is a social…

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