Wale Edun, the Nigerian Minister of Finance and Coordinating Minister of the Economy, is making headlines due to his recent admission that the Federal Government is still paying fuel subsidies.
This revelation comes as a surprise because President Bola Tinubu had announced the removal of fuel subsidies last year, a move that led to a significant increase in fuel prices.
FGN is now even paying more for subsidy than in previous years.
FG spent N3.6trilion in 2023, and are expected to spend N5.4trn for 2024 on subsidy.
All of this was found in the Accelerated Stabilization and Advancement Plan (ASAP) presented to President Tinubu by the finance minister, Wale Edun, on Tuesday.
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