The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that the country lost more to foreign exchange subsidy than it spent on fuel subsidy.
According to him, Nigeria lost around N6.2trillion to harsh foreign exchange policies and subsidy in the year 2022 compared to N4.5trillion that the country spent on fuel subsidy in the same year.
Speaking at the 2024 Bankers Dinner, Cardoso described foreign exchange subsidy as “the real elephant in the room.”
Details Later…
Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com
We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE
