FG spent subsidy savings on salaries, debt servicing, others – Finance Minister

The Federal Government has explained how resources generated from the removal of petrol subsidy and foreign exchange reforms were distributed and spent between June 2023 and December 2025. According to the Federal Ministry of Finance’s Nigeria Reform Scorecard presented on Wednesday, the reforms generated N15.8tn in subsidy savings for the Federation during the period. However,... The article FG…