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Nigeria spent ₦1.16trn on fuel subsidy in 2021 – RMAFC

Daily Trust

BusinessDaily Trust·Aug 6, 2026·1 min read

Nigeria spent ₦1.16trn on fuel subsidy in 2021 – RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed that Nigeria spent ₦1.16 trillion on petrol subsidies in 2021, while an additional ₦1.20 trillion was directly deducted from the federation’s crude oil sales…

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