Fuel Subsidy Would Have Hit N53tr, Naira N3,500/$ Without Reforms – Adedeji

Nigeria Revenue Service Chairman Zacch Adedeji said petrol subsidy removal and exchange-rate unification prevented far higher subsidy costs and a possible naira depreciation to N3,500 per dollar. The comments concern major macroeconomic policies that can influence operating costs, earnings and valuations across NGX-listed companies.