Despite subsidy removal, FG to pay N1.7trn in 2023

Although in his inaugural speech on May 29th, 2023, President Bola Tinubu surprised Nigerians by abruptly announcing the removal of subsidy on petroleum products, government has continued to pay subsidy. In June the government paid overvN186 billion as subsidy, even after announcing its removal.

The announcement came against 2023 budget, which had made provision for the fuel subsidy till June.