From Victor Osula, Abuja
In response to the public clamour for palliative measures to cushion the biting hardship occasioned by recent government policies, President Bola Tinubu on Wednesday formally requested the support of the National Assembly to source for N500 billion.
President Tinubu wrote to the National Assembly seeking an amendment to the 2022 Supplementary Appropriation Act to allow the Federal Government to source N500 billion for palliative measures to cushion the effect of subsidy removal.
Tinubu said the money will be sourced from the 2022 Supplementary Appropriation Act of N819.5 billion.
Speaker of the House of Representatives, Tajudeen Abbas, read the President’s letter during plenary on Wednesday.
After reading the letter, titled “Request for the amendment of the 2022 Appropriation Act,” the Abbas said the House will consider the President’s request at plenary on Thursday.
According to Tinubu,“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.”
