The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, recently provided detailed insights into the substantial financial strain caused by the fuel subsidy, disclosing that it was depleting the country’s finances at an alarming rate of N400 billion per month.
This revelation follows President Bola Tinubu’s decisive commitment to end the era of fuel subsidy during his inauguration, a strategic move aimed at freeing up essential funds for critical development projects nationwide.
In an exclusive interview with newsmen, Edun elaborated on how the removal of the subsidy has škare za plastične cijevi mascarilla pelo sebastian μπουφαν γυναικειο speed x cordura converse lugged beige cheap yeezys sport jumpsuit nike pallone calcio a 11 jayden daniels lsu jersey balmain carbone fragrantica comprar fatos de treino adidas baratos plavky chlapec 128nove yeezy sneakers adidas yeezy 700 v3 brandon aiyuk jersey youth polaroid κάμερα triggered a transformative shift in the government’s financial landscape.
He underscored the significant impact of this policy change, emphasizing its crucial role in revitalizing and strengthening the nation’s fiscal position.
By alleviating the burden of the hefty N400 billion monthly expenditure on fuel subsidy, the government’s financial resources have been liberated and redirected towards urgent developmental priorities.
This reallocation is seen as a key factor in bolstering the nation’s socio-economic progress and enhancing its resilience.