The Petroleum Products Pricing\u00a0Regulatory Agency (PPPRA) has\u00a0reconciled government\u2019s expenditure on fuel subsidy between 2006 and 2011 with the Nigeria Extractive Industries Transparency Initiative (NEITI).<\/span><\/p>\n \u00a0 The reconciliation is meant to address discrepancies encountered during the Farouk Lawan-led House of Representatives Adhoc Committee on Monitoring of Subsidy Regime.<\/span><\/p>\n During the House\u2019 probe, different organisations including the Ministry of Finance and the NEITI gave different figures as the cost of subsidy.<\/span><\/p>\n \u00a0NEITI had told the probe panel that only N370 billion was spent as subsidy in 2008 as against N630.571 billion. The PPPRA had sent a letter detailing the exact amounts spent on subsidy between 2006 and 2011 to NEITI and the House of Representatives.<\/span><\/p>\n \u00a0The letter signed by the PPPRA Executive Secretary, Reginald Stanley partly read: \u201cThe Executive Secretary may wish to recall her submission to the House of Representatives Ad Hoc Committee on Monitoring of Subsidy Regime on subsidy claims for 2006-2011. It is observed that your submission in respect of subsidy figures for 2008 didn\u2019t capture payments made to other marketers during the period under consideration.<\/span><\/p>\n \u00a0\u201cThe sum of N370 billion subsidy figure for 2008 quoted by NEITI represents payments to NNPC only. Therefore, the imbalance noticed in the figures submitted by NEITI and that of PPPRA was due to non-inclusion of subsidy payments to other marketers in your computation.\u201d<\/span><\/p>\n A breakdown of the figures sent to NEITI by the PPPRA as subsidy expenditures were as follows: N261.105 billion was spent in 2006 from which NNPC got N241.893 billion and other marketers N19.212 billion; in 2007, a total of N278.859 billion was spent from which NNPC got N227.471 billion and other marketers N51.388 billion.In 2008, N630.571 billion was spent with NNPC getting N370.49 billion and other marketers N260.081 billion while in 2009, out of N463.517 billion spent, NNPC got N261.51 billion and other marketers got N202 billion.<\/span><\/p>\n