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Buhari seeks approval for N147bn refund to Ondo, four other states

President Muhammadu Buhari has asked the National Assembly to approve the refund of N148 billion to Ondo, Bayelsa, Cross River, Osun and Rivers States for federal road projects the five states executed.

The president made this known in a letter on Tuesday sent to the speaker of the House of Representatives, Femi Gbajabiamila, and read on the floor of the house.

From the breakdown, Ondo State, where the governorship election will hold next week, is to receive N7 billion.

The Senate had last year approved N10 billion to Kogi State, three days to its governorship election.

The approval was criticised by opposition lawmakers who asked that the approval be delayed untill after the election.

They were, however, outvoted by majority senators.

In another development, President Muhammadu Buhari has transmitted the long- awaited Petroleum Industry Bill (PIB) to the National Assembly for passage into law.

The proposed bill makes provision for creation of the Nigerian National Petroleum Company Limited.

The bill, also proposes the scrapping of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Products Pricing Regulatory Agency (PPPRA) while the NNPC Limited will be incorporated by the Minister of Petroleum, among others.

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