Subsidy Palliatives
EKO HOT BLOG reports that President Bola Ahmed Tinubu on Wednesday wrote to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act.
This online media platform gathered that this is to allow the Federal Government source N500 billion for palliative to cushion the effect of subsidy removal.
This was disclosed in a letter read on the floor of the House during Wednesday’s plenary by Speaker Tajudeen Abbas.
The President said the money will be sourced from the 2022 supplementary Appropriation Act of N819. 5 billion.
The Speaker said the House will consider Tinubu’s request at plenary on Thursday and asked members willing to make contribution to be prepared to ‘do so’.
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 tht provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal. I expect that the House will speedily consider the request”.
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