N4tn petrol subsidy’ll kill economy, MAN, LCCI, others warn Buhari

The National Assembly on Thursday passed amendments to the 2022 Appropriation Act and 2022 Fiscal Framework, which raised the deficit in the Federal Government’s budget by N965.42bn, to N7.35tn; and subsidy on Premium Motor Spirit (petrol) by N442.72bn, from N3.557tn to N4tn.

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