National Assembly Increases Fuel Subsidy to N521bn

According to Thisday, The Senate yesterday compelled the federal government to increase the N413 billion fuel subsidy bill it submitted under the supplementary budget to the National Assembly last week to N521 billion.

The new figure includes N108 billion meant for fuel subsidy in the last quarter of 2015, which was not captured in the N465.5 billion supplementary budget submitted to the Senate by President Muhammadu Buhari.

 The N413 billion allocated to fuel subsidy claims covered the period from January to September. With the extra N108 billion, the supplementary budget before the National Assembly now stands at N573 billion.


Read more: http://www.thisdaylive.com/articles/n-assembly-increases-fuel-subsidy-to-n521bn/226818/