H.E Muhammadu Buhari, President of Nigeria

Nigerian President Muhammadu Buhari has reportedly written to the Senate, seeking the approval of a supplementary budget which contains N2.557 trillion (US$6,147,764,416.00) meant to provide for subsidy on petroleum products from June to December 2022.

According to a report filed by Vanguard, President Buhari’s letter was read on Tuesday during plenary by the President of the Senate, Senator Ahmad Lawan.

The amount approved for subsidy on petroleum products from January to June was N443 billion and with the present request, the total amount stands at N3 trillion.

President Buhari has also written to the Senate, seeking a review of the Finance Act 2021.

 

Source: https://energynewsafrica.com

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