Without Tinubu’s reforms, subsidy could’ve hit ₦53tn, dollar ₦3,500 — NRS boss
The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said Nigeria’s petrol subsidy bill could have risen to about ₦53 trillion, while the exchange rate could have weakened to ₦3,500 to the dollar, if President Bola Tinubu had not implemented his economic reforms.
According to him, the subsidy bill could have reached about ₦53 trillion, while the exchange rate could have weakened to ₦3,500 per dollar.
Adedeji made the claim during an exclusive interview on Channels Television’s Sunday Politics, where he defended the Tinubu administration’s decision to remove petrol subsidy and reform the foreign exchange regime.
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