Nigerian govt spending much on fuel subsidy; should increase VAT — Fashola

The Minister of Works and Housing, Babatunde Fashola, says the federal government still owes contractors working on federal road projects up to N306 billion, defending why the government should raise VAT and borrow more.

Mr Fashola was speaking against the background of a report by Daily Trust on Monday that Nigeria has spent about N1.5 billion on fuel subsidy this year.

The minister said his ministry did not receive up to N1 trillion naira from 2015 to 2018, underscoring how little the Nigerian government is spending on infrastructural development compared with fuel subsidy.

He spoke while hosting the Public Transport Owners of Nigeria Association at his ministry in Abuja.

“If we had N1 trillion to spend on Nigerian roads we would be in a much better position. As of October, we…

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