Investor Presentaiton

A POSSIBLE WAY FORWARD: A COMPACT WITH THE NIGERIAN PEOPLE UNSUSTAINABLE FISCAL BURDEN OF PMS SUBSIDIES REMOVAL of PMS SUBSIDIES while ensuring ADEQUATE SUPPLY and COMPETITIVE PMS PRICING post- DEREGULATION VERY LOW EXPENDITURES ON CRITICAL SERVICES AND INVESTMENTS: HEALTH, EDUCATION, ROADS, ... A SPIKE IN INFLATION MAKING IT HARDER FOR MILLIONS TO MEET THE COST OF BASIC NEEDS PARTICULAR HARDSHIP FOR NEAR- POOR AND LOW- INCOME WHO USE PMS DIRECTLY POSSIBLE SOCIAL UNREST BECAUSE OF HARDSHIPS IN A CONTEXT OF A TRUST DEFICIT A more FLEXIBLE MARKET- REFLECTIVE APPROACH TO EXCHANGE RATE MANAGEMENT to dampen the increase in the PMS price and MITIGATE THE IMPACT ON INFLATION A LARGE-SCALE CASH TRANSFER PROGRAM to provide QUICK RELIEF to the POOR, NEAR POOR as well as the LOW- INCOME who are most DIRECTLY AFFECTED A BROADER COMPACT-a commitment EX-ANTE to a set of PRIORITY PROGRAMS that benefit ordinary Nigerians A PUBLIC SENSITIZATION CAMPAIGN of the OPPORTUNITY COSTS of PMS subsidies and the ALTERNATE USES to which the RECOVERED REVENUES can be put ENGAGEMENT with CRITICAL STAKEHOLDERS to BUILD THE CONSENSUS SECURING FINANCING NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP 32 32

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