Nigeria Loses N12.5trn Annually To Subsidy, CBN FX Sales Discounts– Muda Yusuf

Nigeria loses about N12.54trn annually to fuel subsidy and sale of forex at the official window discount rate, the Chief Executive Officer of the Centre for the Promotion of Private Enterprises, Muda Yusuf has said.

The former Lagos Chamber of Commerce and Industry DG said this in his comment on the 2023 Finance Bill, sent to THE WHISTLER.