AGS NEWS – Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has disclosed that the fuel subsidy is imposing a monthly cost of N400 billion on the Federal Government.

Speaking in an interview on Channels Television, Edun highlighted the significant financial burden posed by the subsidy, which was monitored by AGS NEWS.

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President Bola Tinubu had earlier announced the cessation of the fuel subsidy era during his inauguration, aiming to reallocate funds towards developmental projects.