The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the country currently spends $600 million monthly on fuel imports. He attributed the high cost to neighboring countries, extending to Central Africa, benefiting from the nation’s fuel imports. Edun shared this information during an interview on AIT’s Moneyline program, which was posted on its YouTube channel on Wednesday. He explained that this situation was a key factor in President Bola Tinubu’s decision to remove the fuel subsidy, as the country lacks precise data on domestic…
Read MoreNigeria Spends $600m Monthly On Fuel Importation – Edun
