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Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

The World Bank says Nigeria’s government lost N13.2 trillion because of how it managed foreign exchange between 2021 and 2023. The losses broke down like this: N2 trillion in 2021, N6.2 trillion in 2022, and