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Nigeria's New Finance Minister Urges Lawmakers to Spend Subsidy Savings on Roads, Health, and Schools The Senate approved Oyedele as Minister of State for Finance after he outlined Nigeria's fiscal woes, including low per capita revenue and heavy debt servicing that eats into subsidy savings of over N10 trillion annually. He called for channeling those funds into priorities like farm-to-market roads and health centers, plus refinancing $18.5 billion in Eurobonds to cut costs and boost productive spending. Listeners praised his sharp grasp of budgets and reforms, though skeptics demand proof after years of promised changes amid ongoing inflation and hardship.
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