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The speaker of the House of
Representatives has revealed
that records show that the
Federal Government spent N1
trillion naira on kerosene
subsidies between 2010 and
2013. The money was neither
budgeted for, nor was the
subsidised kerosene available
for Nigerians to buy. Despite
this the money was regularly
deduced from the federation
account.
From Nigeria Communications
Week
N1 Trillion Spent Illegally
on Kerosene
Subsidy –Tambuwal
Mr. Aminu Tambuwal,
speaker of the House of
Representatives, has said
that available records
indicated that the Federal
Government spent over N1
trillion on kerosene subsidy
between 2010 and 2013.
Tambuwal said in spite of
the expenditure not having
the approval of the
National Assembly, the
product was not available
for “suffering Nigerians” to
buy.
He also noted that the
product was not sold in
any part of the country at
the subsidised price of N50
per litre. Tambuwal who
was represented by Mr.
Emeka Ihedioha, his deputy
spoke in Abuja as the House
Committee on Petroleum
Resources (Downstream)
opened an investigation
into subsidy payments on
kerosene between 2010
and 2013.
The committee, which is
headed by Mr. Dakuku
Peterside, has the mandate
to establish the actual
amount spent on subsidy
by the Nigerian National
Petroleum Corporation, the
sole supplier of the
product, and how it got the
authority to subsidise it.
“Curiously, since there were
no budgetary provisions
for subsidy on kerosene,
the people of Nigeria will
obviously be interested in
knowing the source of
funding of kerosene
subsidy and on whose
authority such money was
appropriated.” Tambuwal
added Mr. Andrew Yakubu,
group managing director of
the NNPC, evaded questions
on the actual amount of
money spent on subsidy
during the years under
review.
Mr. Haruna Momoh,
managing Director of the
Pipelines and Products
Marketing Company, gave
the figures of kerosene
supplied in the respective
years as follows: 2010 (2.5
trillion metric tones); 2011
(1.9 trillion metric tonnes);
2012 (2.6 trillion metric
tonnes); and 2013 (2.6
trillion metric tonnes).
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nigeriacommunicationsweek.
com.ng/news/n1-trillion-spent-
illegally-on-kerosene-subsidy-
tambuwal
Representatives has revealed
that records show that the
Federal Government spent N1
trillion naira on kerosene
subsidies between 2010 and
2013. The money was neither
budgeted for, nor was the
subsidised kerosene available
for Nigerians to buy. Despite
this the money was regularly
deduced from the federation
account.
From Nigeria Communications
Week
N1 Trillion Spent Illegally
on Kerosene
Subsidy –Tambuwal
Mr. Aminu Tambuwal,
speaker of the House of
Representatives, has said
that available records
indicated that the Federal
Government spent over N1
trillion on kerosene subsidy
between 2010 and 2013.
Tambuwal said in spite of
the expenditure not having
the approval of the
National Assembly, the
product was not available
for “suffering Nigerians” to
buy.
He also noted that the
product was not sold in
any part of the country at
the subsidised price of N50
per litre. Tambuwal who
was represented by Mr.
Emeka Ihedioha, his deputy
spoke in Abuja as the House
Committee on Petroleum
Resources (Downstream)
opened an investigation
into subsidy payments on
kerosene between 2010
and 2013.
The committee, which is
headed by Mr. Dakuku
Peterside, has the mandate
to establish the actual
amount spent on subsidy
by the Nigerian National
Petroleum Corporation, the
sole supplier of the
product, and how it got the
authority to subsidise it.
“Curiously, since there were
no budgetary provisions
for subsidy on kerosene,
the people of Nigeria will
obviously be interested in
knowing the source of
funding of kerosene
subsidy and on whose
authority such money was
appropriated.” Tambuwal
added Mr. Andrew Yakubu,
group managing director of
the NNPC, evaded questions
on the actual amount of
money spent on subsidy
during the years under
review.
Mr. Haruna Momoh,
managing Director of the
Pipelines and Products
Marketing Company, gave
the figures of kerosene
supplied in the respective
years as follows: 2010 (2.5
trillion metric tones); 2011
(1.9 trillion metric tonnes);
2012 (2.6 trillion metric
tonnes); and 2013 (2.6
trillion metric tonnes).
[You must be registered and logged in to see this link.]
nigeriacommunicationsweek.
com.ng/news/n1-trillion-spent-
illegally-on-kerosene-subsidy-
tambuwal
