World Bank opens up subsidy payment by Nigeria in 3 years

World Bank opens up subsidy payment by Nigeria in 3 years …C0NTINUE READING HERE >>>

The foreign exchange subsidy policy of the federal government caused a significant loss of N13.2 trillion in revenueIn 2021, 2022, and 2023, the government reportedly lost N2 trillion, N6.2 trillion, and N5 trillion, respectivelyUltimately, this subsidy led to a sharp drop in the government’s sources of income during this period

Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

The World Bank has said that between 2021 and 2023, the federal government’s foreign exchange subsidy strategy resulted in a substantial loss…

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