Wage bill, other spending exceed subsidy savings — Oyedele

…Govt saved N15.8trn from subsidy removal, naira floatation
…FG got only N5.43trn, borrowed N11.85trn
…No large pool of cash available to FG
By Emma Ujah, Abuja Bureau Chief
ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December 2025 did not translate into a huge pool of cash available to it.
Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, disclosed this on Wednesday while presenting the government’s economic reforms scorecard in Abuja.
Oyedele explained that the N15.8 trillion in estimated subsidy savings was shared among the Federal Gove...