News
Petrol Subsidy Was Costing Govt N400Bn Monthly – Minister
President Bola Tinubu, in his inauguration speech, announced the end of the fuel subsidy era to redirect funds towards developmental initiatives.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the fuel subsidy was costing the country N400 billion monthly.
President Bola Tinubu, in his inauguration speech, announced the end of the fuel subsidy era to redirect funds towards developmental initiatives.
Months later, Edun emphasized in an exclusive interview with Channels Television that the subsidy was draining N400 billion monthly from the government’s resources.
“In terms of the government’s financial situation, significant improvements have been made,” he stated. “The removal of the petroleum subsidy, which previously incurred a monthly cost of N400 billion, has played a pivotal role.”
-
Fact Check1 year agoFact-check: No, Federal Government is not giving out 25,000 naira conditional cash transfer
-
Entertainment2 years agoNaira Marley Speaks Out After MohBad’s Passing
-
News2 years agoTottenham Bracing for a Major Challenge Against Arsenal, Says Postecoglou
-
News2 years agoI’m best to work with Tinubu as Senate President – Kalu
-
Sport2 years agoLampard returns to Chelsea as caretaker manager
-
News2 years agoCause of Mohbad’s Death Under Investigation as Police Exhume His Body for Autopsy