Tinubu’s N500bn Palliative Request Gets Reps Approval | READ MORE
The House of Representatives has on Thursday, approved the request of President Bola Tinubu for N500 billion for palliative to Nigerians in order to reduce the hardship caused by the removal of fuel subsidy.
Tinubu’s request for an amendment to the 2022 appropriation act passed the first, second, and third readings during plenary on Wednesday, July 12 after he had written a letter to the House.
“I write to the house of reps to approve the amendment of the 2022 Supplementary Appropriation Act in accordance to the attached”.
“The request has become necessarily important to, among other things, source for funds necessary to provide palliative to mitigate the effect of the removal of fuel subsidy on Nigerians.
“Thus, the sum of N500 billion only has been extracted from the 2022 Supplementary Act of N819,536,937,815 for the provision of palliative to cushion the effect of petrol subsidy removal” Tinubu’s letter read.
In December, the national assembly passed a supplementary budget of N819 billion for the 2022 fiscal year.
At the time, the legislature also extended the implementation of the 2022 budget till March 31, 2023.
In May 2023, the national assembly passed the amendment to the 2022 supplementary budget to extend the implementation of the capital components to December 2023.
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