{"id":111461,"date":"2024-02-24T21:08:11","date_gmt":"2024-02-24T20:08:11","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun"},"modified":"2024-02-24T23:32:29","modified_gmt":"2024-02-24T22:32:29","slug":"nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun","title":{"rendered":"Nigerian Govt was losing N400bn monthly to fuel subsidy \u2013 Finance Minister, Edun"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says fuel subsidy was costing the Federal Government N400 billion monthly.<\/p>\n

Edun revealed this in an interview on Channels Television monitored .<\/p>\n

President Bola Tinubu, during his inauguration, declared the end of the fuel subsidy era to redirect funds towards developmental initiatives.<\/p>\n

\u201cIn terms of the government\u2019s finances, they have been revamped and repaired.<\/p>\n

\u201cAnd it is not just the fact that there has been the removal of the petroleum subsidy which was costing N400 billion every month to the government at its height,\u201d the minister said.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says fuel subsidy was costing the Federal Government N400 billion monthly. Edun revealed this in an interview on Channels Television monitored . President Bola Tinubu, during his inauguration, declared the end of the fuel subsidy era to redirect funds towards […]<\/p>\n","protected":false},"author":84,"featured_media":111460,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254,11507],"class_list":["post-111461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-wale-edun"],"yoast_head":"\nNigerian Govt was losing N400bn monthly to fuel subsidy \u2013 Finance Minister, Edun - Nigeria<\/title>\n<meta name=\"description\" content=\"The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says fuel subsidy was costing the Federal G ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian Govt was losing N400bn monthly to fuel subsidy \u2013 Finance Minister, Edun\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says fuel subsidy was costing the Federal G ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-24T20:08:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-24T22:32:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1708797460.701886.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian Govt was losing N400bn monthly to fuel subsidy \u2013 Finance Minister, Edun\",\"datePublished\":\"2024-02-24T20:08:11+00:00\",\"dateModified\":\"2024-02-24T22:32:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun\"},\"wordCount\":124,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1708797460.701886.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Wale Edun\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-was-losing-n400bn-monthly-to-fuel-subsidy-finance-minister-edun\",\"name\":\"Nigerian Govt was losing N400bn monthly to fuel subsidy \u2013 Finance Minister, Edun - 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