Categories: EconomyNews

President Tinubu Writes Reps, Seeks N500bn for Subsidy Palliatives

President Bola Tinubu had written to the House of Representatives seeking an amendment to the 2022 supplementary appropriation Act.

The amendment, he said, was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal.

The Speaker of the House of Representatives, Tajudeen Abbas, read the president’s letter during plenary today.

The president said the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion 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.

The speaker said the lawmakers would consider Tinubu’s request at plenary on Thursday

VOP Lagos

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