Senate Grills Finance Minister Over Subsidy Savings and Debt Servicing Allegations.

The Senate grilled Finance Minister Wale Edun over the amount saved by removing fuel subsidies and the government's debt servicing, with lawmakers seeking clarification on the financial implications of the policy change. The minister was called to account for the actual savings and expenditure since the subsidy removal.

The Senate grilled Finance Minister and Coordinating Minister of the Economy, Wale Edun, on Thursday over the substantial savings made by the Federal Government since the removal of fuel subsidy. According to reports, the government has saved billions of naira from the cessation of the subsidy program. The lawmakers were seeking clarification on how much of these savings have been allocated towards debt servicing and other critical national priorities.