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2023 NW Budget Launch: Fuel Price increase imminent in February, roads prioritised

By Bakah Derick  Government sources have signaled an eminent fuel price increase across Cameroon in the month of February 2023.  Speaking at this year's launch of the the state budget for the North West Region in Bamenda on Monday 16 January 2023, the head of mission and Senior Treasury Inspector from Yaoundé  indicated that the increase of fuel prices was just a matter of time as government subsidies on fuel was not favourable for the international monetary fund (IMF) program the state is in.  Cross section of participants at the budget launch  According to Donatus Nji, the government of Cameroon is spending over 800bn FCFA annually on fuel subsidies; money which according to him could be used to develop the country. With an IMF mission in the country working with the government on modifications likely to take effect early February, the representatives of the ministry of finance at the launching  say no matter when it comes, fuel price increase is something that must h