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						Nigeria Saves $20 Billion from Subsidy Removal and Forex Pricing Reform					
				
Olakunle Oke
November 24, 2024

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the country has saved approximately $20 billion by removing petrol subsidies and adopting market-based foreign exchange pricing. This significant saving is equivalent to 5% of Nigeria’s Gross Domestic Product (GDP). According to Edun, the removal of subsidies has not only […]

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Nigeria Saves $20 Billion from Subsidy Removal and Forex Pricing Reform

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