TheCable·4 min read·medium
Presidency replies Atiku, says increased FAAC allocation most visible impact of petrol subsidy removal
A
Ayodele Oluwafemi
✦AI Summary
The Nigerian presidency has defended the removal of the petrol subsidy, stating that the resulting increase in FAAC allocations has allowed states to improve infrastructure and salaries. This response follows criticism from former Vice-President Atiku Abubakar regarding the transparency of subsidy savings.
The presidency says the most visible impact of the petrol subsidy removal is the increased allocation for states and local government areas (LGAs) in the country .
politicseconomybusiness
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