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Subsidy removal: Tinubu writes Reps, seeks N500bn for palliatives

Newspeak Reporter by Newspeak Reporter
July 12, 2023
in News
Reading Time: 1 min read
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BREAKING: Tinubu signs student loan bill into law
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Emmanuel Adeleke

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President Bola Tinubu has written to the House of Representatives, seeking an amendment to the 2022 supplementary appropriation act to accommodate N500 billion for provisions of palliatives for Nigerians.

Speaker of the House of Representatives, Rt Hon Tajudeen Abbas, read the president’s letter at Wednesday’s plenary.

He said the request became necessary to enable the government provide palliatives for Nigerians to cushion the effects of the fuel subsidy removal.

“I write to request for the amendment of the 2022 supplementary appropriation act. The request became necessary among others things, to source for funds to provide necessary palliatives to mitigate the effects of the removal of fuel subsidy on Nigerians

“Thus, the sum of N500 billion only has been extracted from the 2022 supplementary appropriation act of N819,536,937, 803 only for the provisions of palliatives for Nigerians to cushion the effects of subsidy removal,” the letter read.

He urged lawmakers to give his request “expeditious consideration and approval” to enable his administration provide palliatives for Nigerians.

After reading the letter, the Speaker said the House will begin consideration of the president’s request at Thursday’s plenary.

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