Nigeria, April 26 -- The International Monetary Fund (IMF) on Friday called on the Nigerian government to engender transparency and accountability in the oil sector in order to ensure that the gains of subsidy removal is fully maximised.

Abebe Selassie, the Head of African Department at the IMF, made this known Friday while presenting the regional economic outlook for sub-Saharan Africa on the sidelines of the World Bank/IMF meetings in Washington DC.

"We have been commending bold reforms by the government, but we need to see a little more transparency in the oil sector to ensure that fuel subsidy removal can result in more flow of resources into government coffers," he noted.

Mr Selassie spoke in response to questions on the federal g...