According to him, the situation in West Africa is also alarming.
He was nominated to serve as a minister in the administration of the late President Umaru Yar’Adua.
The committee would be chaired by Taiwo Oyedele, Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC).
EMURGO Africa said that the report showed that Nigeria’s position emphasised its role in nurturing innovation in the digital currency sector in West Africa.
“Those groups are going to benefit immediately from the removal of the fuel subsidy,” he said.
The corporation, which has the Australian government as its biggest client, has asked nine of its directors to take immediate leave.
The Muhammadu Buhari regime had in 2022 said that fuel subsidy will be phased out in 2023.
