Where Did Nigeria Get the Money to Pay Fuel Subsidy? -By Abdullahi Abubakar

The Federal Ministry of Finance has estimated total subsidy savings at about ₦15.8 trillion, with approximately ₦5.43 trillion attributed to the Federal Government, ₦6.52 trillion to states and ₦3.88 trillion to local governments. These figures should not be interpreted as ₦15.8 trillion sitting untouched in a government bank account; they represent resources that would otherwise have been consumed by the subsidy burden.