Tinubu writes NASS, seeks approval of N500bn for palliatives

President Bola Ahmed Tinubu on Wednesday write to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act.

According to him, the amendment was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal.

The President said the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.

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

The letter titled, ” Request for the amendment of the 2022 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 other 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.”

Tajudeen Abbas said the lawmakers would consider Tinubu’s request at plenary on Thursday.

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

Tension as Police stray bullet kills 2 in Ekiti

A yet-to-be-identified Police Officer in Ekiti State, reportedly killed two young men in the Omisanjana area of Ado Ekiti on Tuesday. An eye witness noted...

Raymond Dokpesi released after arrest at London Airport

The management of AIT, has confirmed the released of, Raymond Dokpesi, the founder of DAAR Communications Limited, owners of AIT Radio and Television, by...

Buhari’s govt Spent N24bn to alleviate poverty in Sokoto

Sadiya Farouk, on Tuesday said the federal government spent over N24 billion on different empowerment and poverty reduction schemes on it's National Social Investment...

Fuel tanker explodes in Mile-2 Lagos

Premium Motor Spirit (PMS), most known as petrol, on Tuesday evening burst into fire at mile 2, Otto wharf, along Oshodi-Apapa expressway Lagos. The...

Fire guts 5-storey building in Anambra 

Fire on Wednesday night gutted in a five-bedroom duplex in Agu-Aba layout, Mopol Base, Agu Awka, Anambra State. The Director/Fire Chief, Anambra Fire Service, Engr....

NDLEA arrests 67-yr-old trafficker raising fund to marry new wife

The National Drug Law Enforcement Agency  (NDLEA), have arrested a 67-year-old drug trafficker, Chukwuemeka Clement, at the Nnamdi Azikiwe International Airport, NAIA, Abuja, for...

Army laments over inadequate power supply in barracks

The Nigerian Army voice concerns regarding the insufficient power supply at Lagos' Ikeja Military Cantonment. This is in light of the N12.7 billion that the...

Demolitions necessary to prevent Lagos from going under – Commissioner

Tokunbo Wahab, the Lagos State Commissioner for Environment, has declared that Lagos as a coastal state has been predicted to go under in the...

You showed great resilient, Tinubu hails Eagles despite losing AFCON 

President Bola Tinubu has commended the Super Eagles for their display in the 2023 Africa Cup of Nations final in Ivory Coast. Wakadaily reported that...

Wike expresses optimism on Nigeria overcoming current challenges

Nyesom Wike, the minister of the Federal Capital Territory (FCT), is hopeful that Nigeria would come out from its current state of unrest given...