Buhari Demands Approval of 413bn Subsidy Claims

President Muhammadu Buhari has requested for the payment approval of fuel marketers’ N413 billion claims from the National Assembly, cites The Nation. This is deemed to be the solution to the ongoing fuel scarcity issue in Nigerian cities. According to a source from the Presidency, the appropriated sum of N140 billion for subsidy payment from the current budget has been exhausted. “Out of respect for the parliament, the President insisted that the right thing must be done by seeking approval from the National Assembly before an additional kobo is paid in excess of what the budget makes provision for,” he stated. “The President is desirous to end the petrol scarcity. But he insists that due process must be followed,” cited the Senior Special Assistant (SSA), Media, to the President, Mallam Garba Shehu to the press. Stay tuned for more updates on the fuel scarcity crisis.   Source: The Nation      

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This article was first published on 17th November 2015

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