Despite Tinubu’s pronouncement, Nigerian govt spent N3.6 trillion on subsidy in 2023
| | | | | | | | | |

Despite Tinubu’s pronouncement, Nigerian govt spent N3.6 trillion on subsidy in 2023

Despite petrol subsidy removal, the Nigerian government said fuel subsidy is projected to reach N5.4 trillion by the end of 2024. This, it said, compares unfavourably with N3.6 trillion in 2023. This is contained in a draft copy report of the Accelerated Stabilization and Advancement Plan (ASAP) presented to President Bola Tinubu by the Minister…