Revealed: How Senate increases supplementary budget to accommodate more subsidy claims
The Nigerian Senate Committee on Appropriation on Monday requested the Federal Ministries of Petroleum Resources, Budget and National Planning and Finance to accommodate their records and incorporate an extra N108 billion in the N465.3 billion supplementary spending plan submitted to the National Assembly by President Muhammadu Buhari, penultimate week.
President Buhari had as of late looked for endorsement of the National Assembly for the supplementary spending plan of N465.3 billion.
Be that as it may, the increment in the financial backing came to get together with sponsorship cases to the real oil advertisers between October to December 2015, which was not right now incorporated into the N413 biilion endowment claims due from January to September 2015, as per the board of trustees.
The board solicited the Ministry from Petroleum Resources to outfit it with points of interest of the N437 billion, that had so far been paid to NIgerian National Petroleum Corporation as its endowment guarantees however which was not appropriated by the National Assembly