BREAKING: Reps approve N4 trillion for petrol subsidy

April 14, 2022

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BREAKING: Reps approve N4 trillion for petrol subsidy

The House of Representatives has approved N4 trillion for subsidy on Premium Motor Spirit (PMS) popularly known as petrol.

The approval was sequel to a request by President Muhammadu Buhari for revision of the 2021 fiscal framework.

In forwarding the request for the revision of the Medium Term Expenditure Framework, the President requested the lawmakers to approve an additional N3.557 trillion in addition to the N442.72 billion provided in the 2022 budget for subsidy.

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BREAKING: Reps approve N4 trillion for petrol subsidy

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