Subsidy Bill Could Have Hit ₦53tn, Says NRS Chairman
By Oluwakemi Kindness The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, says Nigeria’s petrol subsidy bill could have risen to about ₦53 trillion if the government had retained the policy. Adedeji also claimed that the naira could have weakened to about ₦3,500 to the dollar if the subsidy regime had continued. He made […]
RMAFC: Nigeria Spent N1.16tn on Fuel Subsidy in 2021
By Anayo Akwitti The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr Mohammed Bello Shehu, says Nigeria spent N1.16 trillion on fuel subsidy in 2021, while N1.20 trillion was deducted from the Federation’s crude oil sales proceeds during the same period. Shehu disclosed this on Thursday while appearing before the Senate Public […]