‘Removal of oil subsidy has saved FG N1.4tr’ – VP Osinbajo says

Vice President Yemi Osinbajo yesterday disclosed that the removal of oil subsidy has saved the Federal government N1.4 trillion. He said this while speaking at the the 15th Joint Planning Board and National Council on Development meeting in Kano state.

“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone” he said