The federal government may spend up to N1.23 trillion as fuel subsidy payments for 2012.
This
was the position presented by the executive secretary of the Petroleum
Products Pricing Regulatory Agency (PPPRA), Mr Reginald Stanley at a
meeting with the Joint House Committee on Finance, Appropriation,
petroleum upstream and petroleum downstream which has been mandated by
the House of Representatives to scrutinize President Goodluck Jonathan’s
supplementary budget request.
The executive secretary said this figure is for the payment of arrears arising from 2011 subsidy claims, and payment for 2012 claims.
He said the supplementary budget is necessary and urgent and also urged the lawmakers to give it an expedited passage.
This
was the position presented by the executive secretary of the Petroleum
Products Pricing Regulatory Agency (PPPRA), Mr Reginald Stanley at a
meeting with the Joint House Committee on Finance, Appropriation,
petroleum upstream and petroleum downstream which has been mandated by
the House of Representatives to scrutinize President Goodluck Jonathan’s
supplementary budget request.The executive secretary said this figure is for the payment of arrears arising from 2011 subsidy claims, and payment for 2012 claims.
He said the supplementary budget is necessary and urgent and also urged the lawmakers to give it an expedited passage.
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