In 2016 Budget, kerosene subsidy srap, Buhari allocates N500bn for school feeding

PRESIDENT Muhammadu Buhari may have tacitly scrapped kerosene subsidy
in the country as he made no allocation for it in the Medium Term
Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, which he
presented to the National Assembly,Tuesday.
The document indicated that the present federal administration is to
borrow the sum of N1.835.88 trillion to fund the 2016 budget which
stands at N6.04 trillion just as it disclosed that so far, a total sum
of N350.33 billion has been recovered from misappropriated funds.
A breakdown showed that while the sum of N1,200.00 trillion would be
borrowed domestically, foreign borrowing would N635.88 trillion.