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BREAKING: FG Insists Subsidy Is Gone, Asks Nigerians To Disregard Viral Documents

Posted by Samuel on Thu 06th Jun, 2024 - tori.ng

It said this while reacting to a leaked draft copy report of the Accelerated Stabilization and Advancement Plan (ASAP) presented to President Tinubu by the finance minister, Wale Edun, on Tuesday.

Subsidy

The Federal Government maintains that the era of petrol subsidy is definitively over.

It said this while reacting to a leaked draft copy report of the Accelerated Stabilization and Advancement Plan (ASAP) presented to President Tinubu by the finance minister, Wale Edun, on Tuesday.

The ASAP, designed to address key challenges affecting the reform initiatives and stimulate development in various sectors of the economy, showed that the estimated expenditure on fuel subsidy for 2024 is N5.4 trillion, a sum of N1.8 trillion more than the amount spent in 2023.

More to follow….