It’s final: Reps reject fuel subsidy removal

The House of Representatives yesterday voted in favour of throwing out President Goodluck Jonathan’s subsidy removal clause from the government’s expenditure proposals for 2012 to 2014. Jonathan plans to end fuel subsidies beginning from January 2012 to save billions of naira for development projects, but this has been facing stiff resistance from labour unions and parliamentarians.

The 2012-2014 Medium Term Expenditure Framework (MTEF) bill containing the subsidy removal proposal passed through second reading in the House on October 19 and was referred to a joint committee for further legislative work. Yesterday, the joint committee on Finance, Appropriations, Legislative Budget and Research, and National Planning and Economic Development, headed by Rep. John Enoh, presented its report on the MTEF, recommending the rejection of subsidy removal because the plan was “premature.”

http://dailytrust.com.ng/index.php?option=com_content&view=article&id=149069:its-final-reps-reject-fuel-subsidy-removal&catid=2:lead-stories&Itemid=8

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