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Removal of oil subsidy has saved FG N1.4tr- Osinbajo

Yemi Osinbajo, the Vice President, Federal Republic of Nigeria yesterday revealed that the removal of oil subsidy has saved the Federal government N1.4 trillion. He made this known while speaking at the 15th Joint Planning Board and National Council on Development meeting in Kano state.

“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone” he said