Nigeria Saves Over $1.8 Billion From Ending Fuel Subsidies
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The Nigerian government has saved N1.45 trillion ($1.843 billion) so far from removing fuel subsidies.
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Nigeria spent N1.828 trillion on fuel subsidies from January to May 2023 before they were removed.
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The savings have been going into a Non-Oil Revenue account each month since subsidies ended.
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The Trade Union Congress questions how the government is using the saved funds.
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The government claims savings have been shared with states to cushion the effects of subsidy removal.