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Emerging Markets

NRS Chairman: Fuel subsidy could have pushed naira to N3,500/$

Nairametrics · 1h ago · 🇳🇬 Nigeria

NRS Chairman: Fuel subsidy could have pushed naira to N3,500/$

The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said Nigeria’s fuel subsidy bill could have risen to about N53 trillion and the naira, potentially pushing the exchange rate N3,500 to the dollar, if President Bola Tinubu had not removed the subsidy in 2023. He made the remarks during an interview on Channels […] The post NRS Chairman: Fuel subsidy could have pushed naira to N3,500/$ appeared first on Nairametrics .

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