Abuja, July 12, 2023 – President Bola Tinubu has written to the National Assembly to request for N500 billion for palliatives to cushion the effect of petrol subsidy removal.
He is, therefore, seeking an amendment to the 2022 Supplementary Appropriation Act to allow the Federal Government source the N500 billion.
In a letter read on the floor of the House of Representatives at Wednesday’s plenary by Speaker Tajudeen Abbas, the President said the money would be sourced from the 2022 Supplementary Appropriation Act of N819. 5 billion.
The letter titled: “Request for the amendment of the 2022 appropriation act” reads in part: “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 other 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 promised that the House will consider the President’s request at plenary on Thursday and asked members who will to make contributions to be prepared to do so.
