Nigeria: N2.19 Trillion Spent On Fuel Subsidy Last Year - FG

3 July 2012

Abuja — Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, told the Senate, yesterday, that the Federal Government spent a total of N2.19 trillion on fuel subsidy last year.

Okonjo-Iweala disclosed this when she appeared before the Senator Magnus Abe-led Senate Joint Committee on Petroleum (downstream and upstream), Finance and Appropriation, that is currently probing the fuel subsidy disbursement.

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