Fresh 2011 Subsidy Claims Hit N451bn

Federal Government is verifying N451 billion new subsidy claims by petroleum importers to ascertain the authenticity of such claims, the Minister of Finance Dr. Ngozi Okonjo-Iweala has said. The initial subsidy claims brought forward from the 2011 was N232 billion. Federal Government intends to spend N888 billion on subsidies this year. Over a trillion naira was said to be paid on subsidies last year. (View full text)

picture source:http://ynaija.com/what-a-tangled-web-okonjo-iweala-reinvestigate-fuel-subsidy-payouts/

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