 The federal government says it will make provision for subsidy in 2023 to the tune of 6.72 trillion naira. Minister of Finance, Budget and National Planning Zainab Hamat made his disclosure during the 2023-2025 medium-term expenditure framework and fiscal strategic paper public consultation. Zainab Hamat states that the government has projected fiscal outcomes in the medium term on the two scenarios based on the underlying budget parameters and assumptions. Under the first scenario, the minister said that the subsidy on PMS was estimated at 6.72 trillion naira for the full year 2023, which will remain and be fully provided for by the NNPC on behalf of the Federation. In the second scenario, petrol subsidy would remain up to mid-2023 based on the 18-month extension announced early 2021, in which case only 3.36 trillion naira will be provided for. Hello, hope you enjoyed the news, please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.