Nigeria spent the sum of N122.9bn to conduct the 2011 general elections.
This was disclosed in a statement issued in Abuja, Wednesday, by the Chief Press Secretary to the National Chairman of the Independent National Electoral Commission, Mr. Kayode Idowu.
Idowu said the amount showed that N9bn was saved from N131.4bn initially budgeted for the exercise.
The amount spent, he added, included N66.3bn on recurrent expenditure and N56.6bn also on capital expenditure.
He said: “Contrary to lingering speculations, the actual cost of the 2011 elections, including all costs involved in the voter registration exercise, is N66.3 billion for recurrent expenditure and N56.6 billion for capital expenditure – making a total of N122.9 billion or, if you like, $800.6 million at an exchange rate of N153.5 to $1 which prevailed at the time…"
A copy of the statement Dated 07 May, 2013 is published on INEC’s Facebook Page.