The Federal Government has assured Nigerians that a comprehensive report detailing how funds saved from the removal of fuel subsidy and foreign exchange subsidies have been spent will soon be made public.
The assurance was given by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during discussions at the 7th Africa Emerging Markets Forum held in Abuja on Thursday.
Questions about the fate of subsidy savings resurfaced during the forum after concerns were raised that many Nigerians were yet to see clear evidence of how the gains from the reforms had improved their daily lives.
Responding to the concerns, the minister acknowledged that Nigerians deserved answers and promised that the government would provide a detailed explanation of how the funds had been utilised.
“There was a question about the subsidy savings. Where has it gone to? I’ve heard this question so many times. And guess what?
This post was originally published on this site.
