NASS approves  additional N3.55 trillion  petrol subsidy

NASS approves additional N3.55 trillion petrol subsidy

News Diary

By Haruna Salami

The National Assembly, on Thursday, passed a revised budget of N17,319,704,091,019 trillion for the 2022 fiscal year.

The approval came with the passage of a bill to amend the 2022 Appropriations Act transmitted to the National Assembly on 10th February, 2022, by President Muhammadu Buhari for consideration.

Chairman Senate Committee on Appropriations, Barau Jibrin, briefing journalists after the passage of revised budget said the committee members had sleepless night  to put together  the report of 2022 Appropriation Amendment Bill which was passed Thursday.

He said the president brought the bill principally to make amendment in respect of some provisions he felt were not  funded and he wanted more funding for them.

Secondly, the president wanted about N1 trillion to fund petroleum subsidy arrangement we have in the country.

Another request from Buhari is to make provision for the payment of improvement of the salary of policemen in the country.

“We were able to take in all the requests and the budget was concluded and passed.

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