Posted By: GEORGE OJI
…says increment to avert future scarcity
The Senate has added N108bn to the N413bn contained in the supplementary appropriation request sent to it by President Muhamadu Buhari for approval for the payment of outstanding fuel subsidy to oil marketers.
The addition, which was proposed by the Senate Appropriation Committee yesterday, is to cover fuel subsidy for the last quarter of this year.
This new addition has therefore brought the total outstanding fuel subsidy requirement to N521bn. The lawmakers explained that the new addition was not part of the N413bn requested for by the President. Read More →