The House of Representatives has debunked reports in some national dailies that it removed fuel subsidy from the 2015 Appropriation Bill, noting that instead, it made provision for the subsidy welfare scheme.
A statement by the deputy chairman of the House Media &Public Affairs Committee, Hon. Afam Ogene (APC, Anambra), showed that a total of N145 billion subsidy was provided for in the 2015 Budget which it passed on Thursday, April 23, 2015. Read more after the cut.
According to him, the above figure was made up of N100 billion for subsidy on Premium Motor Spirit ( PMS), and N45billion for kerosene .
“When the Executive presented the 2015 budget proposals, it made provisions for N100 billion for petrol , and another N45 billion subsidy on kerosene . Both items, alongside some others, are contained in the revenue framework upon which the 2015 Appropriation Bill was predicated,” Ogene said.
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