Ngozi confirms N1.7tr Fuel Subsidy Spending

The Coordinating Minister for the Economy and Minister of Finance Dr Ngozi Okonjo-Iweala concurred with the Central Bank of Nigeria (CBN) on the N1.7 trillion payment for fuel subsidy spending in 2011. “This increase in payments is consistent with the revised daily consumption of petroleum products provided by PPPRA. (View full text)

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