Ex-finance minister, Ngama speaks on fuel price hike, backs Buhari govt - Daily Post Nigeria

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Ex-finance minister, Ngama speaks on fuel price hike, backs Buhari govt

Former Minister of State, Finance, Dr. Yerima Lawan Ngama has backed the federal government’s removal of fuel subsidy which shot up price of the commodity.

“The subsidy continues to crowd out other development spending, the cost has also continued to grow exponentially. Nigeria is paying about N1 trillion Naira annually for interest alone of both domestic and foreign loans. We cannot continue like this”, Ngama explained.

 

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