Wednesday, April 29, 2015

Senate passes 2015 budget, knocks out fuel subsidies

Five months after it was presented to the National Assembly, the Senate on Tusday passed a N4.493 trillion budget for the 2015 fiscal year. But the budget passed by the Senate excluded provisions for fuel and kerosene subsidies in 2015.
Briefing journalists after the budget’s passage, Chairman, Senate Committee on Appropriation, Senator Ahmed Maccido, said the federal government did not make provisions for fuel subsidies.   
According to him, government should not have withdrawn subsidies from the proposal.
While presenting the budget for approval earlier, Maccido recalled that the federal government had initially laid a budget of N4.357 trillion before the National Assembly on December 17, 2014, before withdrawing it and consequently reviewing the figure to N4.425 trillion.

1 comment :

  1. Abeg give us fuel if you can't give us light, biko