Nigeria's FG Reduces Subsidy Bill by 56 Per Cent

Nigeria's FG Reduces Subsidy Bill by 56 Per Cent

The federal government has paid a total of N287 billion as subsidy on verified claims to marketers so far this year as it looks set to reduce the total subsidy bill this year by 56 per cent from N2.2 trillion in 2011 to N971 billion this year.
The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said in a statement: “This administration has worked hard to clean up the process of subsidy payments.”
Oil and Gas Press

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