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#Fuel subsidy in Nigeria

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  • Nigeria expended $4.5bn On Fuel Subsidy in 2021- World Bank

Nigeria expended $4.5bn On Fuel Subsidy in 2021- World Bank

The World Bank has stated that Nigeria spends $4.5 billion on fuel subsidy, indicative of 2% of GDP or 35% of oil and gas revenue. This was disclosed by the…