Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, reported that N15.8 trillion was paid into the Federation Account from subsidy removal between June 2023 and December 2025, following President Bola Tinubu's directive to update Nigerians on economic
The Federal Government of Nigeria reported that N15.8tn in subsidy savings from petrol subsidy removal and foreign exchange reforms was distributed among federal, state, and local governments from June 2023 to December 2025, with significant expenditures on wages and infrastructu
The Federal Government announced that the removal of petrol subsidy and foreign exchange reforms generated N15.8 trillion for Nigeria between June 2023 and December 2025, with states and local governments receiving the majority of the funds.
