World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years

The World Financial institution reviews that Nigeria misplaced over $8 billion because of the Central Financial institution of Nigeria’s (CBN) refusal to drift the naira between 2021 and 2023. This overseas trade subsidy, together with the gas subsidy, disadvantaged the federal government of income. The World Financial institution acknowledges the struggling attributable to the federal government’s insurance policies however insists they […]



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