Senate passes N161.6 billion supplementary budget for oil subsidy

The Senate on Thursday, passed the supplementary appropriation bill of N161.6 billion. The amount will serve as payment for fuel subsidy to oil marketers for 2012.

President Goodluck Jonathan had on Tuesday sent a request to the National Assembly to approve an additional N161.6 billion to ensure steady supply of petroleum products during the festive season.
Senate President, Sen. David Mark, however, decried the high level of corruption being perpetrated under the fuel subsidy scheme, the News Agency of Nigeria reports.