FG's ₦13 trillion subsidy payment equivalent to budget of 4 ministries – NEITI

Orji said the fund spent on subsidies during the period was equivalent to the country’s entire budget for the Health, Agriculture, Education and Defence ministries in five years.

The NEITI boss argued for the need to effect the full deregulation of the petroleum sector, a move that will end the clamour for subsidy removal.

“The full deregulation of the petroleum sector will permanently lay to rest the conversation around oil swaps.

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