President Tinubu in an effort to cushion the effect of fuel subsidy removal has written the House of Representatives, seeking an amendment to the 2022 supplementary appropriation Act.
The amendment was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal on petrol.
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 N819.54 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”.