Despite constant denials that it was no longer subsidizing fuel, the Nigerian government has finally admitted that fuel subsidy will gulp N5trillion in 2024.
This figure is a sharp increase from the N3.6 trillion spent in 2023 and N2.0 trillion in 2022.
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, made this known in a recent presentation of the Accelerated Stabilisation and Advancement Plan, ASAP report.
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