President Bola Ahmed Tinubu has written to the National Assembly seeking amendment to the 2022 supplementary appropriation Act to allow the Federal Government source N500 billion for palliatives to cushion the effect of fuel subsidy removal.
In a letter read on the floor of the House at plenary on Wednesday by Speaker Tajudeen Abbas, the President disclosed that the money will 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 said the lawmakers would consider Tinubu’s request at plenary on Thursday.
