Nigeria: This Government Is Walking On a Tight Financial Rope

9 July 2012
opinion

The Federal Government, apparently, is walking a financial tight rope as it will soon be faced with inadequate financial resources to meet its obligations to the Nigerian people. Expectations are that the Federal Government will continue with fuel subsidy. But as it is now, Nigerians may soon find out that this government cannot meet their expectations.

The total provision for subsidy payments in the 2012 budget of the Federal Government was N888.1 billion, inclusive of N231.8 billion for 2011 outstanding subsidy claims and N656.3 billion for 2012 claims.

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