This Day
16 December 2011
President Goodluck Jonathan Thursday subtly defended his decision to leave out fuel subsidy from the 2012 budget, painting a graphic picture of how the country has been borrowing to fund capital projects when the money spent on subsidy alone would have sufficed instead.
But the House of Representatives has demanded that subsidy must be returned to the budget.
In the Senate, members were unanimous in condemning the provision of N922 billion for security in the 2012 budget - a position the House also agrees with, arguing that the vote was bloated and lopsided against some key sectors such as power, education and agriculture, even when Nigeria was not at war.
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