Nigeria’s Finance Minister Taiwo Oyedele warned in Bangkok that reversing fuel subsidy removal would spark capital flight, weaken the naira and hurt ordinary Nigerians most.
Tag:
capital flight
- BusinessEconomyFinanceGovernanceHealthInsurance
NAICOM Raises Alarm Over $2bn Annual Capital Flight in Health Insurance
The National Insurance Commission (NAICOM) has revealed that Nigeria is losing about $2 billion every year to capital flight as multinational companies provide health insurance for their employees through foreign …