- During the clause-by-clause consideration of the report, Minority Leader Kingsley Chinda disrupted the typically unanimous approval process, challenging the deliberations
The House of Representatives has directed its Committees on Finance and Petroleum to investigate claims that the Nigerian National Petroleum Company Limited (NNPCL) withheld ₦8.48 trillion in purported petrol subsidies and failed to remit $2 billion (₦3.6 trillion) in taxes, as reported by NEITI and the Revenue Mobilisation Allocation and Fiscal Responsibility Commission.
The committees will also verify unremitted revenues from petrol sales between 2020 and 2023.
Meanwhile, the House approved the 2025-2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), setting the stage for President Bola Tinubu to present the 2025 Appropriation Bill next week.
The Tinubu administration projects a $75 per barrel oil benchmark, production of 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar, with GDP growth pegged at 6.4%.
During the clause-by-clause consideration of the report, Minority Leader Kingsley Chinda disrupted the typically unanimous approval process, challenging the deliberations.