TUC demands Nigerian govt reveal how it spent N1trn saved from fuel subsidy removal

The president of the Trade Union Congress (TUC), Festus Osifo, said the Federal Government should reveal how it expended the N1 trillion saved after ending subsidy on Premium Motor Spirit (PMS), also known as petrol, in May.

Osifo, on Wednesday, during an interview with Arise News, said the government promised it was going to save substantial money from removing subsidy on petrol.

In July, President Bola Tinubu disclosed that more than N1 trillion that would have been expended on petrol subsidy, has been saved, stating that the funds will be disbursed for the benefit of Nigerians.