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N731bn Fuel Subsidy’ll Collapse Economy –FSDH CEO
The Chief Executive Officer (CEO), of FSDH Merchant Bank Limited, Hamda Ambah, has warned that, the country risks economic suicide should it continue to subsidise fuel. The FSDH boss at an interactive session with the media on initiatives to revamp the downstream oil and gas sector, warned further that, in the face of dwindling revenue, Government could no longer sustain the continued payment of fuel subsidy which skyrocketed from N225 billion in 2017 to N731 billion in 2018.
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