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PIB: Senate faults N8bn budget

…accuses DPR of budget over inflation

By Inalegwu Shaibu

ABUJA—The Senate Committee on Petroleum (Upstream) yesterday faulted the insertion of N8 billion in the 2010 budget proposals by the Ministry of Petroleum for the Implementation of the Petroleum Industry Bill, PIB.

The Committee in a meeting with the Minister of Petroleum, Dr. Rilwan Lukeman  yesterday also queried the secrecy surrounding the execution of N5 billion proposed for the execution of the Joint Venture projects by the Department of Petroleum Resources, DPR.

The Committee’s Chairman, Senator Lee Maeba who issued the queries said the Senate is worried by the alarming increase in the budgetary allocations to the Ministry and its departments without corresponding benefits to Nigerians.

He said, “There are a lot of gaps in the expenses of the Ministry for 2007 to 2009. For instance, the N5 billion approved for the Joint Venture projects, we have not seen the result from the DPR.

“The other issue is that there has been a lot of increase in budget in the department of Petroleum Resources and all the organisations and we have not seen any justification for this increase because the organisation has no feedback mechanism to feed us back on how they have been spending this money.”


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