The Federal government has made a lot of savings from the petrol subsidy removal and passed the same to state governments to assist in cushioning the effects of the policy on Nigerians.
His words, “So much money has been saved since the removal of the subsidy. Some of the money that has been saved has been given to states. “The government is very sensitive, it’s always responding to the yearnings of all Nigerians and therefore, whenever there is any commentary or observation about some of the actions of the government, it will continue to respond appropriately to the benefit of all Nigerians.”
“What we have seen is that such advisories do not achieve anything other than needless panic, and they can have a severe adverse economic impact, not to mention what they do to undermine the government’s efforts to attract investment. According to Alh. Idris, “The deft moves by the Central Bank of Nigeria to clear the billions of dollars in inherited foreign exchange backlog.
Source: News Formal (newsformal.com)
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