Breaking News

Subsidy: Tinubu seeks Senate’s approval for N500bn palliatives

President Bola Tinubu has written the Senate requesting the approval of N500 billion for palliatives to mitigate the effect of the recent removal of fuel subsidy on Nigerians.

The request was contained in a letter to the Senate and read by the Senate President, Godswill Akpabio, during plenary in Abuja on Thursday, July 13, 2023.

The letter titled, ‘Request for the amendment of the 2022 Supplementary Appropriation Act’, read: “I write to request the approval of the Senate for the amendment of the 2022 Supplementary Appropriation Act.

READ ALSO: Subsidy removal: Tinubu seeks N500bn for palliatives

“The request has become necessary in order to among other things, source the funds necessary to provide palliatives to mitigate the effect of the recent removal of fuel subsidy on Nigerians.

“The sum of N500 billion had been extracted from the 2022 Supplementary Appropriation Act of N819,536,937,815 for the provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal.”

Akpabio thereafter referred the letter to the Committee of the Whole for consideration.

The Star

Segun Ojo

Recent Posts

Trump hints at US ground operation to seize Iran’s uranium

The President of the United States, Donald Trump, has suggested that American ground troops could…

45 minutes ago

Messi bags 899th goal as Inter Miami whip DC United in MLS

Argentine superstar Lionel Messi moved to the brink of another goalscoring milestone as Inter Miami…

3 hours ago

FA Cup: Man City thrash Newcastle as Chelsea survive Wrexham scare

Manchester City crushed Newcastle 3-1 and reach the FA Cup quarter-finals on Saturday as Chelsea…

3 hours ago

Hoodlums disrupt Wike-backed PDP congress in Oyo

Hoodlums disrupted Saturday’s local government congress of the Federal Capital Territory (FCT) Minister Nyesom Wike’s…

3 hours ago

Police begin constable recruitment screening in Jigawa

The Nigeria Police Force in Jigawa State has finalised arrangements to begin the physical and…

3 hours ago

Lt-Col, captain killed as troops crush 45 terrorists

The Nigerian Army has mourned the deaths of several soldiers, including a lieutenant colonel and…

4 hours ago

This website uses cookies.