Subsidy: Tinubu writes House of Reps to approve N500bn for palliatives

In a bid to alleviate the impact of subsidy removal, President Bola Tinubu has written to the National Assembly, seeking an amendment to the 2022 Supplementary Appropriation Act.

The proposed amendment aims to enable the Federal Government to secure N500 billion to be utilized for palliative measures.

Speaker of the House of Representatives, Tajudeen Abbas, presented the president’s letter during Wednesday’s plenary.

The letter, titled “Request for Amendment of the 2022 Appropriation Act,” outlines Tinubu’s intention to source the funds from the N819.5 billion allocated in the 2022 Supplementary Appropriation Act.

“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 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 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.