Tinubu Government Declares End of FX and Fuel Subsidies in Nigeria …C0NTINUE READING HERE >>>
Newsone Nigeria reports that the Federal Government of Nigeria led by President Bola Tinubu has officially announced the termination of fuel and foreign exchange subsidies, marking the end of a long-debated policy.
This online news platform understands that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this declaration during the presentation of the Nigeria Development Update by the World Bank in Abuja on Thursday, October 17, 2024.
The Minister of Finance revealed that these subsidies had drained the country’s economy, costing over N10 trillion,…
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