President Bola Tinubu has written to the National Assembly for an amendment to the 2022 supplementary budget to allow the Federal Government source N500 billion for palliatives to cushion the effect of petrol subsidy removal.
Speaker of the House of Representatives, Tajudeen Abbas, read the president’s letter titled: “Request for the amendment of the 2022 appropriation Act” during plenary on Wednesday.
He said the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.
The letter reads, “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 order to source 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.’’
Abbas said the lawmakers would consider Tinubu’s request at plenary on Thursday and directed members who will make contributions to be prepared to do so.
