o9 December 2015, Abuja – Nigeria spent about $35bn (N6.9bn) in the last five years to subsidise petroleum products, the World Bank has said. In its ‘Nigeria Economic Report No. 3’, which was released in Abuja on Tuesday, the bank said fuel subsidy incapacitated the country’s ability to save for the rainy day occasioned by falling […] More »
Nigeria spent N6.9tn on subsidy in five years – World Bank
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