Abuja, July 8, 2025 — The Federal Government has revealed that over ₦4 trillion saved from the removal of petrol subsidies has been strategically redirected toward critical infrastructure development across the country.
This disclosure was made on Monday by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a media briefing in Abuja. According to him, the decision to phase out the petrol subsidy in 2023 has not only helped stabilize the economy but has also freed up significant funds now being deployed to sectors that stimulate growth and job creation.
Edun explained that the savings have been invested in areas such as road construction, railway expansion, healthcare, education, and the power sector, noting that transparency and accountability remain central to the administration’s infrastructure agenda.
“This administration is committed to turning fiscal discipline into visible development. Every kobo saved from subsidy removal is being ploughed back into the economy through impactful infrastructure that benefits Nigerians directly,” Edun said.
He also noted that some of the ongoing projects funded through the subsidy savings include the Lagos-Calabar Coastal Highway, rehabilitation of the Port Harcourt–Maiduguri rail line, upgrades to major federal teaching hospitals, and nationwide rural electrification schemes.
The Minister assured Nigerians that the government would continue to publish updates on how the funds are utilized to build public trust and attract private sector collaboration.
The removal of petrol subsidies had sparked initial hardship and inflationary pressure, but the government maintains that the long-term benefits outweigh the short-term pain, particularly with targeted social investments and infrastructure expansion.
