Fuel Subsidy: FGN budgets N3.36 trillion as debt profile hits $102 billion The Federal Government of Nigeria (FGN) has allocated N3.36 trillion for fuel subsidy in 2023 as Nigeria’s debt profile hits $102 billion. Minister of Finance, Zainab Shamsuna Ahmed, who made this known on Wednesday, in Abuja, said the 2023 appropriation bill has a budget deficit of N10.78 trillion. She said this will be funded through domestic and multilateral borrowings and proceeds from privatisation. According to her, of Nigeria’s $102bn debt, 35% is foreign and 65% is domestic, adding that the current...