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30 months after subsidy removal, FG spends N30.6tn, saves N15.8tn

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30 months after subsidy removal, FG spends N30.6tn, saves N15.8tn

20 Aug, 2026

30 months after President Bola Tinubu removed petrol subsidy and introduced other sweeping economic reforms, the Federal Government has spent N30.64tn as government expenditure to ease effect of its policies, while the policies generated N15.8tn in savings for the Federation. The government said its total incremental expenditure between June 2023 and December 2025 was N30.64tn, exceeding the N20.4tn in additional resources available to the Federal Government from subsidy savings, higher revenue and borrowing by N10.24tn, or 50.2 per cent................….......READ MORE