The Federal Government has sought the technical support of the International Monetary Fund IMF to design a transparent fuel price modulation framework that will cushion domestic price shocks and strengthen Nigerias fiscal stability.
Permanent Secretary, Ministry of Petroleum Resources, Dr. Emeka Vitalis Obi, disclosed this in Abuja during a joint engagement between the Ministry, its regulatory agencies - the Nigerian Upstream Petroleum Regulatory Commission NUPRC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA - and the IMF Fiscal Affairs Department FAD Technical Assistance Mission on Climate Policy.