Subsidy: Tinubu Writes Reps, Seeks N500bn Approval For Palliatives

President Bola Tinubu has written to the National Assembly, seeking an amendment to...

President Bola Tinubu has written to the National Assembly, seeking an amendment to the 2022 supplementary appropriation Act.

Tinubu, in a letter to the House of Representatives, said the amendment was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal on Premium Motor Spirit known as petrol.

During plenary on Wednesday, the Speaker of the House of Representatives, Tajudeen Abbas, read Tinubu’s letter, titled, ‘Request for the amendment of the 2022 appropriation act’.

According to the President, the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.

“I write to request the approval of the House of Representatives for the amendment of the 2022 supplementary appropriation act in accordance with the attached.

“The request has become necessary in other to among other things source for funds necessary to provide palliatives to mitigate the effect of the recent 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 billion for the provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal. I hope that the House of Representatives will consider the request,” the letter read.

This is coming about six weeks after Tinubu announced that the payment of subsidy on petroleum was over.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

Legal Practitioners’ Privileges Committee Suspends Mike Ozekhome As SAN

The Legal Practitioners’ Privileges Committee (LPPC) has approved the suspension of Chief Mike Ozekhome from

Court Grants Accelerated Hearing In Trial Of Alleged Coup Plotters

Justice Joyce Abdulmalik of the Federal High Court, Abuja, has granted an accelerated hearing in

Nigeria’s Economy In Shock – Edun

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria’s

El-Rufai In Kaduna Court As ICPC Case Resumes

Former Kaduna State Governor Nasir El-Rufai appeared at the Kaduna State High Court on Monday

Abuja Company Sues NSCDC For N5Bn Over Alleged Illegal Shutdown

An Abuja-based company, Stone Rockers Limited, has filed a N5 billion suit against the Nigerian

FG Declares Friday, Monday Public Holidays For Easter

The Federal Government has declared Friday, April 3, and Monday, April 6, as public holidays

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.