Buhari Spent N222bn To End Fuel Scarcity in July

National

The federal government in extra budgetary expenditure in 2015 spent a staggering N222.1 billion to end the fuel scarcity that crippled the country till July this year, without recourse to the National Assembly.
Nigeria’s finance ministry made the disclosure in a presentation before the House of Representatives ad-hoc committee probing the non-implementation of capital projects contained in the 2015 budget.
The permanent secretary Federal Ministry of Finance, Mrs Anastasia Daniel-Nwaobia said the federal government in one of its fiscal items made the extra-budgetary spending under “Emergency Intervention (Fuel Subsidy Crisis)” to end the eight-month long fuel scarcity which started in December 2014 and ended in July 2015.
LEADERSHIP reports that a total of N145 billion subsidy component were embedded in the 2015 Budget. These were made up of N100 billion for subsidy on Premium Motor Spirit (PMS) popularly known as petrol, and N45 billion for kerosene.
Also, Daniel-Nwaobi told the House committee that President Muhammadu Buhari will soon transmit a 2015 supplementary budget to the National Assembly.
“I am aware that federal government is handling a number of these issues in the supplementary budget in respect of the 2015 budget.
But I am not in a position to pre-empt Mr President in that matter. But I believe that he is fully aware of the situation and I am also aware that we have done something in respect of the supplementary budget that we have passed to Mr President,” she said.
Meanwhile, members of the committee for the umpteenth time, queried discrepancies in the presentations of the finance ministry, Accountant General of the Federation and other agencies managing the economy.

PIC. 20. FROM LEFT: GOVS. ADAMS OSHIOMHOLE OF EDO; IBIKUNLE AMOSUN OF OGUN; ALIYU WAMAKKO OF SOKOTO STATE AND FORMER GOVERNOR KAYODE FAYEMI OF EKITI, AT THE PRESENTATION OF CERTIFICATE OF RETURN TO THE PRESIDENT ELECT, RETIRED GEN. MOHAMMADU BUHARI BY INEC CHAIRMAN, PROF. ATTAHIRU JEGA IN ABUJA ON WEDNESDAY (1/4/15). 1775/1/3/15/HF/BJO/CH/NAN

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