The complexities of fuel subsidy removal and forging ahead as a nation

According to Zainab Ahmed the former minister of finance, budget and national planning under President Buhari’s administration, Nigeria spent approximately N18.39 billion Naira daily on fuel subsidy payments between 2013 – 2022. Fuel subsidies began in the 1970s, following the announcement of the Price Control Act which made it illegal to sell fuel above the
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