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June 13, 2025
World Financial institution: Nigeria Loses B on Overseas Change Subsidies Over 3 Years
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World Financial institution: Nigeria Loses $8B on Overseas Change Subsidies Over 3 Years

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World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 YearsThe World Financial institution experiences that Nigeria misplaced over $8 billion because of the Central Financial institution of Nigeria’s (CBN) refusal to drift the naira between 2021 and 2023. This international change subsidy, together with the gasoline subsidy, disadvantaged the federal government of income. The World Financial institution acknowledges the struggling attributable to the federal government’s insurance policies however insists they […]

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