Thursday, November 28, 2013

Nigerian Lawmakers Order Probe Of Subsidy On Kerosene

Lawmakers in Nigeria have ordered investigation into the alleged expenditure of 634 billion Naira (about 4.064 million dollars) to subsidise kerosene in the last three years.
The order came after a member of the House of Representatives, Honourable Adeyinka Ajayi, moved a motion urging the house to look into the amount, which has drawn conflicting claims between the Minister of Finance and the management of the Nigerian National Petroleum Corporation.
A Committee in charge of Petroleum Downstream is to investigate the issue.
The house committee is expected to establish the actual amount spent on kerosene subsidy from 2010 to 2013 and the source of the money used in financing the subsidy.
Its report is expected to submitted to the house in the next four weeks.

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