Subsidy Removal: Tinubu writes House of Representatives, seeks N500billion for palliatives

The Nigeria’s  President Asiwaju Bola Tinubu has written to  the House of Representatives to amend the 2022 Supplementary Appropriations Act to provide N500 billion to fund palliative measures against the impact of fuel subsidy removal.

Penpushing reports that Tinubu’s request was on Wednesday  convened in a letter to the lower chambers which was  read by the Speaker of the House, Rt Hon Tajudeen Abbas, during the plenary, in which he(Tinubu) was seeking to extract N500 billion from the N819,536,937,813 supplementary budget.

“I write to request an amendment to the 2022 supplementary appropriation Act in accordance with the attached. The request has become necessary in other to, among other things, source funds necessary to provide palliatives to mitigate the effect of the recent removal of fuel subsidy on Nigerians’, Tinubu wrote.

‘Thus, the sum of N500 billion has been extracted from the 2022 supplementary budget of N819 billion for the provision of palliative. I hope the House will consider this request expeditiously,” the letter stated.

Penpushing further reports that the Speaker in response to the letter said at the plenary on behalf of other members of the House of Representatives announced that the request would be considered on Thursday by the House.

FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or   event? Contact us on WhatsApp +2348073463653 or email [email protected]