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LequteMan
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Nigeria - Chairman of the Senate Committee on Finance, Senator Ahmed Makarfi, on Thursday said it was not true that no provision was made for fuel subsidy in the 2015 budget, which was passed by the lawmakers this week, Punch reports.
“There is a provision for subsidy in the budget; people need to understand where to look for an issue. If you look at the main appropriation, there are so many cost components.
“You will not see cash call in the main appropriation and you will not see subsidy in the main appropriation. There are expenses in the main memoranda items that you are not going to see in the main appropriation.
“For you to see them, you have to go through the revenue profile. In this year’s budget, N100bn was provided for Premium Motor Spirit and N43bn for DPK.”
#Nigeria
“There is a provision for subsidy in the budget; people need to understand where to look for an issue. If you look at the main appropriation, there are so many cost components.
“You will not see cash call in the main appropriation and you will not see subsidy in the main appropriation. There are expenses in the main memoranda items that you are not going to see in the main appropriation.
“For you to see them, you have to go through the revenue profile. In this year’s budget, N100bn was provided for Premium Motor Spirit and N43bn for DPK.”
#Nigeria
