July 12, (THEWILL) – President Bola Ahmed Tinubu has written to the National Assembly seeking an amendment to the 2022 Supplementary Appropriation Act.
The President said the amendment was to allow the Federal Government to source N500 billion for palliative measures to cushion the effect of subsidy removal.
Speaker of the House of Representatives, Tajudeen Abbas, read the President’s letter during plenary on Wednesday.
The President said the money will be sourced from the 2022 Supplementary Appropriation Act of N819.5 billion.
Titled: “Request for the amendment of the 2022 appropriation act,” the letter reads in part: “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 Speaker said the House will consider the President’s request at plenary on Thursday.
