FG, Labour clash over use of fuel subsidy removal savings

The Federal Government, and Organised labour yesterday, disgreed over the use of savings from the removal of fuel subsidy, with government explaining how the savings were used used to finance Ways and Means, service foreign debt, increased federal workers’ salaries, students’ loans, among others. But labour rejected th

Finance Minister Taiwo Oyedele pledges to release a detailed report on how fuel subsidy savings have been utilised amid public concerns and calls for trans

The minister explained that although the reforms generated fiscal savings, the government immediately faced higher financial obligations arising from the reforms themselves, including debt servicing costs and increased public sector wages.