Subsidy: Nigeria Escaped ₦21trn Annual Burden, Says Lokpobiri
The Federal Government’s decision to end petrol subsidy has potentially saved Nigeria from an annual financial burden of about ₦21 trillion at the current exchange rate, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said. Lokpobiri, who defended the policy amid renewed pressure over rising petrol prices, said retaining the subsidy would have...
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