NEWS

IRAN TO SHARE SUBSIDY REMOVAL EXPERIENCES WITH NIGERIA

Iran’s subsidy removal impressed President Jonathan

Iran’s Minister of Industry, Mine and Commerce, Mehdi Qazanfari has expressed the country’s readiness to share its experiences with Nigeria on the removal of subsidies.

“In Nigeria, there are many oil subsidies handed out by the government. Iran will use its experience to help Nigeria positively remove its subsidies like Iran has done,” Qazanfari told Press TV.

“It is important to mention that Iran has been acknowledged by the World Bank and the IMF (International Monetary Fund) for removing its subsidies, and the positive impact it had on its economy,” he added.

The Iranian minister’s remarks came on the sidelines of the fourth meeting of the joint economic, industrial and trade commission of Iran and Nigeria.

Nigeria’s Foreign Minister Viola Onwuliri also explained that the Nigerian president was impressed with Iran’s positive achievements in removing subsidies.

She said that Nigeria has started the removal of subsidies, adding that her country is willing to benefit from Iran’s experience in completely removing the subsidies.

In addition to taking part in the two-day joint commission, the visiting Nigerian minister will also hold talks with Iran’s Foreign Minister, Ali Akbar Salehi, to discuss bilateral ties. (PressTV)

Daily Trust

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