Thursday, 13 December 2012

Senate passes N161.6Billion supplementary budget for oil subsidy



“They talk about forensic audit but we have not seen the report. There is no evidence to show that we require N161.6 billion.

“I support the passage of this bill for the sake of my people,” he said.

Senator Gbenga Ashafa (ACN- Lagos), appealed to the Senate Committee on Petroleum (Downstream)to conclude investigation into the management of the fuel subsidy.
“While I support the passage (of this bill), I want this Senate to ensure that investigation into the fuel subsidy is completed because Nigerians need to know,” Ashafa stressed.
Senator Nkechi Nwaogu (PDP-Abia), blamed opposition political parties for protesting against government’s move to totally remove the oil subsidy.



According to her, the corruption being witnessed in the subsidy would  have been nipped in the bud if the people have supported the attempt to scrap the subsidy.

“It is not the fault of the President, or is it the fault of PDP but it’s the fault of the opposition parties which would not allow the total removal of fuel subsidy,” the senator noted.     

NAN reports that the supplementary budget is for the payment of the outstanding arrears resulting from the forensic audit exercise of the fuel subsidy.

This is to ensure a steady supply of petroleum products during the festive season, according to President Jonathan.

Source: NAN

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