Wale Edun Reveals Nigeria Has Saved $20 Billion From Subsidy Removal, Naira Float Policies

Wale Edun Reveals Nigeria Has Saved $20 Billion From Subsidy Removal, Naira Float Policies …C0NTINUE READING HERE >>>

The Minister of Finance, Wale Edun has disclosed that Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.

He made the disclosure at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.

“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a…

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