Thursday, December 8, 2022

Reps summon finance minister over fuel subsidy claims

Ms Ahmed recently said that the country will require N6.7 trillion to service the subsidy this year.

• August 9, 2022
House of Representatives, [PHOTO CREDIT: Official Twitter handle of Reps NGR]
House of Representatives, [PHOTO CREDIT: Official Twitter handle of Reps NGR]

The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to make available before it all documents relating to subsidy claims from 2013 till date.

Ibrahim Aliyu, Chairman, special ad hoc committee investigating petroleum subsidy regime said this when Stephen Okon, Director Home Finance in the ministry appeared before it in Abuja on Tuesday.

The chairman of the committee gave the minister August 16 to make herself available with all the relevant documents in subsidy claims.

The chairman said that the minister must answer the total amount released from the consolidated revenue account as subsidy payment from 2013 till date.

He said that the breakdown of beneficiary companies that received subsidy payments from the consolidated revenue account must be submitted before it.

Ms Ahmed recently said that the country will require N6.7 trillion to service the subsidy this year. Mr Aliyu said such claims were worrisome.

He said that it was imperative for the minister to appear before the committee to explain certain actions, adding that the subsidy would be borrowed for Nigerians to enjoy.

He added that the issue was a very serious one that required the concern of everybody, adding that the committee was holding trust for the citizenry.

Mr Okon, however, said he had to appear because the ministry did not want to pass information that was not properly processed before the committee.

He said that he came to plead for an extension of time, adding that he was not mandated to make any presentation before the committee.

He said that the ministry would love to ask for additional time to collate information required before the committee. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Vice President Yemi Osinbajo in a plane

World

Osinbajo arrives in New York for African carbon market meeting

Mr Osinbajo has arrived in New York to attend a high-level meeting on the African carbon market to mobilise funding and technical support for the Nigerian Energy Transition Plan.

Team Edo

Sport

Team Edo win gold medals in wrestling, cricket, pole vault 

Team Edo on Wednesday hauled more gold medals from wrestling, cricket and pole vault events at the 21st National Sports Festival (NSF) in Asaba.

Equity market

Economy

Equity market stays bullish, up by 0.12%

The nation’s equity market on Wednesday remained on a bullish note with bargain buying on Nestle and other 10 stocks.

Governor Aminu Tambuwal and Chief of Army Staff (COAS), Lt.-Gen. Faruk Yahaya

States

Tambuwal praises Nigerian Army over civil-military projects

Governor Aminu Tambuwal joined residents of Sifawa and other communities in the Bodinga local government area in commending civil-military projects executed by the Nigerian Army.

New York Times

Rights

New York Times editors, reporters go on strike

The newsroom at The Times employs more than 1,800 people. Compensation is the negotiation’s most contentious topic.

Yobe State House of Assembly

States

Yobe parliament suspends revenue board chairman nominee’s screening

The Yobe House of Assembly has suspended the screening of Sani Kaitafi as Chairman of the state Internal Revenue Board.