President Muhammadu Buhari recently had his request for an additional N3.557 trillion for fuel subsidy approved by the National Assembly.
According to Buhari, N442.72 billion was earmarked for fuel subsidy in the 2022 budget , but because of the hike in the price of crude oil, Nigeria is paying more for petrol subsidy. He had noted that, therefore, the country would require an additional N3.557 trillion for subsidy.
But such letter should be directed to the Finance Minister or the Accountant General of the federation. Does CBN administer budget?
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They'd probably not get any response.
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The Minister will respond in an unMinisterial way.