Without Tinubu’s reforms, subsidy could’ve hit ₦53tn, dollar ₦3,500 — NRS boss

Adedeji said Tinubu inherited an economy burdened by an unsustainable subsidy regime, an underperforming oil sector and a narrow tax base.

He said the reforms by the Tinubu administration were necessary because it inherited an economy burdened by an unsustainable fuel subsidy regime, an opaque foreign exchange market, an underperforming oil sector and a narrow tax base.

Nigeria’s petrol subsidy bill could have hit ₦53 trillion without Tinubu’s reform, says NRS Chairman Zacch Adedeji, defending the fuel subsidy removal.