The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this disclosure at an event in Abuja marking the first 100 days in office of Esther Walso-Jack, Head of the Civil Service of the Federation. According to him, the two subsidies were costing the country five percent of the Gross Domestic Product, GDP. “When there was a subsidy on PMS and on foreign exchange, they collectively cost five percent of GDP.
recalls that President Bola Tinubu officially ended the petrol subsidy regime on May 29, 2023.
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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Nigerian Govt to commence payment of pension backlog – Finance Minister EdunThe Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured that the Federal Government will soon begin payment of the pension backlog.
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