Nigeria’s President Bola Ahmed Tinubu, has written to the House of Representatives seeking an amendment to the 2022 supplementary appropriation Act for palliatives to mitigate the effect of fuel subsidy removal.
Following the fuel subsidy removal, the amendment was necessary to allow the Federal Government to source N500 billion for palliatives to cushion the effect of the post-subsidy regime.
While reading the president’s letter titled: “Request for the amendment of the 2022 appropriation act”, at the plenary on Wednesday, the Speaker of the House of Representatives, Tajudeen Abbas:
Tinubu said the money would be obtained from the 2022 supplementary Appropriation Act of N819.5 billion.
“I write to request the approval of the House of Representatives for 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 letter read.
Honourable Abbas said the parliamentarians would deliberate on Tinubu’s request at plenary on Thursday.