The senate on Tuesday approved the 2015 budget of N4.493 trillion, which is less than the 2014 budget of N4.695 trillion by about N200 billion. A copy of the 2015 budget seen by TheCable showed that there was no provision for fuel subsidy in it. However, 21 billion was budgeted for the Subsidy Reinvestment and Empowerment Programme (SURE-P). This may mean an end to the controversial subsidy on petrol, and may also mean that government will be unable to pay oil marketers who may want to stop importing fuel, thereby causing scarcity of the product in the country.
Celebrity Gossip | Entertainment News | Living | Style | Beauty | Information