President Bola Ahmed Tinubu has written a letter to the Natioal Assembly, seeking an amendment to the 2022 supplementary appropriation Act to enable the Federal Government to source N500 billion for palliatives aimed at itigating the impact of subsidy removal.
During Wednesday’s plenary, Speaker Tajudeen Abbas read the letter on the floor of the House.
According to the President, the funds will be sourced from the N819.5 billion 2022 supplementary Appropriation Act.
Titled “Request for the Amendment of the 2022 Appropriation Act,” the letter states: “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 secure funds to provide essential palliatives to ease the impact of the recent removal of fuel subsidy in Nigeria.
“The amount of N500 billion, derived solely from the N819.536 billion 2022 appropriation act, is allocated for the provision of palliatives to Nigerians to alleviate the effects of fuel subsidy removal. I expect the House to promptly consider the request.”
The Speaker announced that the House will deliberate on the President’s request during Thursday’s plenary and urged members to be prepared to contribute to the discussion.