Senate yesterday refuted the information in the 2015 budget that it did not allocate any money to Fuel subsidy saying rather that it allocated N143billion out of which N100 billion went for Premium Motor Spirit PMS and N43 billion for kerosene.
The Senate Committee Chairman on Finance, Senator Ahmed Makarfi, who made this known during an interview with newsmen in Abuja, said Nigerians should look inward for the solution of what is really going on now in the polity concerning fuel scarcity.
He also threw more light on the solution to governance in the country advicing the in-coming government to look into the issue of high cost of governance.
It will be recalled that Senate had on Tuesday passed the national budget of N4.493tr for the 2015 fiscal year, about five months after it was presented by the Minister of Finance/Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala.
The fiscal document, which was earlier passed by the House of Representatives last week, was N51bn higher than the N4.425tn submitted to both chambers of the National Assembly by the Federal Government.
Following the passage, there had been insinuations and reports that there was no provision for fuel subsidy in the 2015 budget.
The fear about the absence of fuel subsidy had led to insinuations within some quarters that it was a booby trap set for the in-coming government of General Muhammadu Buhari.
But Makarfi said a total sum of N100bn was provided for as subsidy for Premium Motor Spirit, while N43bn was approved for Dual Purpose Kerosene for the 2015 fiscal period.
Markafi said, “There is a provision for subsidy in the budget, people need to understand where to look for an issue. If you look at the main appropriation, there are so many cost components.
“You will not see cash call in the main appropriation, you will not see subsidy in the main appropriation. There are expenses in the main memoranda items that you are not going to see in the main appropriation.

READ ALSO  N/Delta Avengers bomb crude oil export line in Rivers