Fuel subsidy killing Nigeria’s economy—Akinwumi AfDB president

Dr Akinwumi Adesina, the President African Development Bank (AfDB), says Fuel subsidy is killing Nigeria’s economy, costing it 10 billion dollars alone in 2022.

Adesina, who said this at a lecture in Abuja, said Nigeria’s fuel subsidies benefit the rich not the poor, fueling their government’s endless fleets of cars at the expense of the poor.

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