The Nigerian government lost the sum of N13.2 trillion as revenue between 2021 and 2023 due to the implementation of the foreign exchange subsidy policy. According to the World Bank, the losses incurred during the period stood at N2 trillion in 2021, N6.2 trillion in 2022, and N5 trillion in 2023. The FG’s decision to subsidize the foreign exchange market led to significant revenue declineNigeria lost N13.2 trillion in revenue due to the foreign exchange subsidy policy from 2021 to 2023The termination of the forex policy in February 2024 led to the closure of the gap between the official and p…