Without Tinubu’s reforms, subsidy could’ve hit ₦53tn, dollar ₦3,500 — NRS boss

The Nigeria Revenue Service says reforms under President Tinubu prevented fuel-subsidy costs from potentially reaching ₦53 trillion and the naira from weakening to ₦3,500 per dollar. The remarks highlight inherited challenges involving subsidy payments, oil-sector performance and Nigeria’s narrow tax base.