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Senate asks FG to justify #3trn demand on subsidy

by Emmanuel Ogundele
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Senate asks FG to justify #3trn demand on subsidy

The Nigerian Senate otherwise called the Red chamber says the Federal Government will need to justify the fresh demand for N3tn for the extension of the subsidy on premium motor spirit (PMS) before it would be approved by the Law Makers.

This was made known by the Chairman of the Senate Committee on Media and Public Affairs, Ajibola Basiru, on the issue concerning the controversy surrounding the actual volume of petrol, which Nigeria consumed daily.

The spokes man for the senate said that:

 “We will scrutinize all the requests and see whether they are justifiable or not, in line with our constitutional mandate and oversight function.”

Meanwhile the federal government is set to present executive bills to the parliament, in a bid to amend the 2022 Appropriation Act and the Petroleum Industry Act, as part of the move to extend the subsidy regime, following the protests that greeted its planned removal.

At the moment, the House of Representatives, had already resolved to investigate the correct daily consumption volume and the actual state of the nation’s four refineries, with the Speaker, Femi Gbajabiamila, setting up two ad hoc committees to carry out the probes separately within six and eight weeks, respectively.

However, Chairman of the ad hoc committee set up by the House to determine the actual petrol consumption volume, Abdulkadir Abdullahi, said the panel would commence work this week.

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