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.