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“Petrol subsidy removal will help save N1trn annually” – FG

The federal government of Nigeria is set to save N1 trillion annually due to the removal of subsidy from Premium Motor Spirit, according to Minister of State, Petroleum Resources, Timipre Sylva. Timipre Sylva, made this known earlier today as he told newsmen that the money will be used to fund other critical aspects of the economy. The Minister who maintained that the sustenance of the fuel subsidy regime was no longer tenable as it had always provided the leeway for rich and unscrupulous Nigerians to steal and enrich themselves at…

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