Saturday, January 21, 2012

FG to Review 2012 Budget

This Day
20 January 2012

The Federal Government Thursday said it would review the 2012 Appropriation Bill to make provision for partial fuel subsidy following the recent unsuccessful bid to scrap   the policy and implement full deregulation of the downstream sector of the petroleum industry.

Equally, the Federal Government has also reiterated its resolve to fight corruption particularly in the petroleum sector, insisting that   all forms of leakages and wastages in the sector needed to be blocked to  harness these resources for the benefit   of the economy.

But a legal luminary and   former Chairman, Nigeria Bar Association, Chief Olisa Agbakoba, has warned that the war against wastages and corruption in the sector could not be won by mere policy pronouncements but government must be prepared to match policies with action.

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