Senate to probe petrol subsidy payments, queries N9.3trn expenditure in 30 months

Senate to probe petrol subsidy payments, queries N9.3trn expenditure in 30 months

THE CABLE

The senate has resolved to probe expenses incurred by the federal government in 30 months, under the petrol subsidy regime.  

The resolution by the upper legislative chamber on Tuesday, during the plenary, was a sequel to a motion moved by Chiwuba Ndubueze, a lawmaker representing Imo north.

Moving the motion, Ndubueze said, while President Bola Tinubu’s decision to withdraw the petrol subsidy in May was commendable, the regime must be investigated.

The motion was titled “Need to investigate the controversial huge expenditure on premium motor spirit (PMS) under the subsidy/recovery regime by the Nigerian National Petroleum Company Limited (NNPC)”.

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