Nigerian Government Explains Use of Fuel Subsidy Removal Savings Amidst Labour Clash
The Nigerian government, through Taiwo Oyedele, explained how savings from fuel and forex subsidy removals are being spent, amidst a clash with labour unions over the utilization of these funds. A report on the subsidy savings is expected to be released soon.
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How Nigeria spent savings from forex, petrol subsidy removal – Oyedele
The minister explained that although the reforms generated fiscal savings, the government immediately faced higher financial obligations arising from the reforms themselves, including debt servicing costs and increased public sector wages. The post How Nigeria spent savings from forex, petrol subsidy removal – Oyedele appeared first on Premium Times Nigeria.
By Omotoyosi Idowu
Read full article →Fuel subsidy savings report coming soon – Oyedele
Finance Minister Taiwo Oyedele pledges to release a detailed report on how fuel subsidy savings have been utilised amid public concerns and calls for trans Read More: https://punchng.com/fuel-subsidy-savings-report-coming-soon-oyedele/
By Punch Newspapers
Read full article →FG, Labour clash over use of fuel subsidy removal savings
The Federal Government, and Organised labour yesterday, disgreed over the use of savings from the removal of fuel subsidy, with government explaining how the savings were used used to finance Ways and Means, service foreign debt, increased federal workers’ salaries, students’ loans, among others. But labour rejected the claims, accusing government of being “economical with the truth” and demanding verifiable evidence to support the assertion. The post FG, Labour clash over use of fuel subsidy...
By olufemiajasa
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