Senate committee queries minister over N100bn spending
The Senate committee on Gas has queried the spending of N100billion by the minister of finance Wale Edun, on the pretext of the Presidential Compressed Natural Gas Initiative.
The committee reiterated its earlier call for details of disbursements to companies handling the project.
Jarigbe Agom, the committee chairman, said that the senate did not appropriate for the spending, an action he said contravened the Procurement Act.
The senate, while lauding the initiative, urged President Bola Tinubu to forward a supplementary budget that captures the gas project spending.
A group, the Governance and Transparency Front, had earlier written a petition to the senate committee, alleging cronyism in the selection of companies for execution of the project.
It was gathered that the presidential committee is about to release another N130billion under the scheme.
TheCornet reports that the Presidential CNG Initiative (Pi-CNG) is an intervention of the Bola Tinubu administration to allow Nigerians to convert their petrol vehicles to CNG vehicles at a reduced cost. The initiative was introduced after the government abolished petrol subsidy which led to over 200 per cent increase in petrol prices.
