In its attempt to soften the hearts of many Nigerians opposed to fuel subsidy removal, the Federal Government last week announced that it had secured an $800 million World Bank facility for fuel subsidy removal palliative to be disbursed through cash transfers to about 50 million Nigerians, who belong to the most vulnerable category of society.
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, while explaining why subsidy must be removed during a courtesy visit to the Voice of Nigeria (VON) in March this year, had said, “The subsidy that government is carrying, just imagine what you can do with N250 billion per month, because that’s the average cost per month to…
Source: Nigerian Tribune