Finance minister, Oyedele, gives breakdown of N15.8tn expenditure from petrol subsidy removal, forex rate unification
Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, has given a breakdown of how the Bola Ahmed Tinubu administration utilised savings realised from two key policies – the removal of the petrol subsidy and the unification of foreign exchange rates – which stood at N15.8 trillion. He disclosed the figure on Wednesday […] The post Finance minister, Oyedele, gives breakdown…
Finance Minister Taiwo Oyedele has outlined how the Bola Ahmed Tinubu administration has used savings from the removal of the petrol subsidy and unification of foreign exchange rates to the tune of N15.8 trillion. Speaking at a press briefing in Abuja, Oyedele revealed that states and councils received N10.4 billion, while the Federal Government obtained N5.4 billion from the subsidy savings.
These reforms have helped stabilise the economy, promote nationwide sub-national development, and set the stage for sustainable growth.
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