Nigeria spent N10trn subsidizing petrol, exchange rates by 2022

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Nigeria spent N10trn subsidizing petrol, exchange rates by 2022 — World Bank

The World Bank has revealed that Nigeria spent N10 trillion a year subsidizing petrol and exchange rates by 2022. According to Indermit Gill, Senior Vice President of the World Bank Group, this figure, amounting to $15 billion at the free market exchange rate, was lost through a combination of fuel subsidies and disparities in exchange […]

Nigeria spent N10trn subsidizing petrol, exchange rates by 2022 — World Bank
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Nigeria spent N10trn subsidizing petrol, exchange rates by 2022 — World Bank

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