Govt Spends ₦200bn Monthly on Subsidies, Favours Wealthy – Arowolo
The Federal Government spends over ₦200 billion per month on electricity subsidies, with much of the support benefiting the wealthiest Nigerians rather than those in need, according to Olu Arowolo Verheijen, Special Adviser to the President on Energy. Verheijen made this known in a statement on Monday, emphasizing the need for a more targeted subsidy…