To cushion the effect of subsidy removal on Nigerians, President Bola Tinubu has written to the National Assembly seeking N500 billion for palliatives.
Tinubu sought the lawmakers’ nod to amend the 2022 supplementary appropriation Act to allow the Federal Government source for the money.
In a letter titled: “Request for the amendment of the 2022 appropriation act”, Tinubu said the money will be sourced from the 2022 supplementary Appropriation Act of N819. 5 billion.
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The letter was read on the floor of the House during Wednesday’s plenary by Speaker Tajudeen Abbas,
The letter reads: “I write to request the approval of the House of Representatives an amendment of the 2022 appropriation act in accordance with the law.
“The request has become necessary in order to source for funds to provide necessary palliatives to cushion the effect of the recent removal of fuel subsidy in Nigeria.
“The sum of N500 billion only has been extracted from the 2022 appropriation act of N819.536 for the provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal. I expect that the House will speedily consider the request.”
The Speaker said the House will consider the President’s request at plenary on Thursday.
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