NewsNigeriaPoliticsFG Saves $10bn From Fuel Subsidy Removal In 2023 – Deputy Speaker
Hon. Benjamin Kalu, the Deputy Speaker of the House of Representatives, has outlined the gains in the fuel subsidy removal, saying that the policy has impacted the economy positively, with the Federal Government saving as much as $10bn in 2023. According to Kalu, the policy has led to a 22% increase in dollar remittances from the Diaspora, totalling $28 billion in 2024. The lawmaker disclosed this on Friday in a meeting with some investors and...