The Senate Thursday directed its Committees on Appropriation and Public Accounts to liaise with the executive arm of government to ensure that appropriation for fuel subsidy is introduced in the 2018 budget.
It said this following the discovery that the Nigeria National Petroleum Corporation (NNPC) paid the sum of N216.9 billion to cover the N26 per litre differentials between the N171 landing cost of petrol and the sale at N145 per litre.
The money which the NNPC said is ‘operational costs’, covered the period between January and December 2017 and was unearthed by the senates Public Accounts Committee in its investigations into subsidy payments by the NNPC without appropriation.
