The actual bill for fuel subsidy in 2011 was N1.73 trillion, the Central Bank of Nigeria (CBN) said Tuesday.
Various figures had been claimed by government officials, ranging from N1.3 trillion to N1.5 trillion as against the N245 billion provided for in the 2011 Appropriation Act.
Deputy Governor of the CBN, Mr. Kingsley Moghalu, who gave the latest figure with a sense of finality, said that as bankers to the Federal Government, the CBN was in a better position to give the true picture on the issue.
Moghalu spoke while giving testimony before the House of Representatives Committee on Monitoring of the Subsidy Regime
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