Fuel Subsidy Would Have Hit N53tr, Naira N3,500/$ Without Reforms – Adedeji

Nigeria would have spent a staggering N53 trillion on petrol subsidy by now, with the naira potentially crashing to N3,500 to the dollar, had the federal government failed to remove the subsidy regime and unify the exchange rate.
The executive chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, made this claim in an interview on Channels Television on Sunday.
Adedeji further stated that the lives of Nigerians were getting better as the country’s balance sheet showed strong signs of recovery and accelerated growth following a series of “painful” reforms implemented by President Bola Tinubu.
According to him, the decision to remove the fuel subsidy, although painful in it...