Press Release: Dr. Ngozi Okonjo-Iweala on subsidy payment
Headlines, Oil Politics, Press Releases Saturday, January 19th, 2013FEDERAL MINISTRY OF FINANCE
News Release. January 8, 2013
SUBSIDY PAYMENTS: FINANCE MINISTRY
RELEASES N161 BILLION TO CBN
The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal Ministry of Finance is blocking verified payments to marketers.
According to the Minister, the Finance Ministry made the N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly available to the Central Bank of Nigeria since December 31, 2012.
The payments are presently going through the CBN’s processes which include the conversion of the dollar equivalent from the Excess Crude Account and will be concluded soon.
She confirmed that payments totalling N94 billion have been verified for 23 marketers who will be paid in the next few days.
“We are committed to paying all companies who deserve to get subsidy payments just as we will not pay undeserving firms. That is the mandate we have from the President”, Dr Okonjo-Iweala declared.
Paul C Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance
wp_posts
Related Posts
- CBN directs banks to configure ATMs, POS terminals for foreign card transactions
- Nnamdi Kanu’s wife recounts 2009 abduction, blames uwazuruike
- Africa Cup of Nations to be held every four years after 2028 edition, change from current 2-year interval
- Tinubu arrives Lagos after three-state tour
- Bandits release video of kidnapped Church members in Kogi State
Short URL: https://newnigerianpolitics.com/?p=28047
Posted by admin
on Jan 19 2013. Filed under Headlines, Oil Politics, Press Releases.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
