News
Just In: Reps Approve N4 Trillion For Petrol Subsidy
The House of Representatives has approved N4 trillion for subsidy on Premium Motor Spirit (PMS) popularly known as petrol.
The approval was sequel to a request by President Muhammadu Buhari for revision of the 2021 fiscal framework.
In forwarding the request for the revision of the Medium Term Expenditure Framework, the President requested the lawmakers to approve an additional N3.557 trillion in addition to the N442.72 billion provided in the 2022 budget for subsidy.
The House also approved the reduction in crude oil production quota from 1.8million barrel per day to 1.6 million barrel per day and a 73 dollar oil price benchmark.
The House also approved a cut in the provision for Federally Funded upstream projects being implemented by the federal government by about N200 billion from N352.80 billion.
Details Shortly…
-
Opinion5 days agoEthical And Public Health Implications Of Engonga’s Alleged Actions In E’Guinea And Hypothetical Projection For Nigeria By Shina Adewoye
-
News4 days agoStop Using Unfortunate Loss Of Lagbaja To Play Your ‘Usual Irresponsible Politics’, Osun PDP Warns APC
-
News2 days agoNurudeen Islamic Mission Mourns Death Of National Leader, Alhaji Abdulazeez Orelope
-
News2 days agoSafety Of Commutters: Gov Adeleke Flags-off Profiling Of Transport Operators