Reps oppose fuel subsidy removal

Reps oppose fuel subsidy removal

Fola Akintomide

The House of Representatives has kicked against calls for the total removal of subsidy on petroleum products, Vanguard reports.

The lawmakers asked the incoming administration of the President-elect, Muhammadu Buhari, to sustain the subsidy regime.

A motion seeking the removal of subsidy as a permanent solution to the fuel perennial scarcity failed in a majority voice vote on the floor of the House.

President Goodluck Jonathan had voted N145bn for subsidy in the 2015 budget, a slash from the N970bn appropriated for subsidy in 2013 and 2014.

Out of the N145bn, subsidy on petrol is N100bn, while the balance of N45bn is for kerosene subsidy.

Happenings Media