Subsidy Removal - Tinubu Writes Lawmakers, Seeks N500bn for... PremiumTimesng: Nigeria
President Bola Tinubu has asked the House of Representatives to amend the 2022 Supplementary Appropriations Act to provide N500 billion to fund palliative measures against the impact of fuel subsidy removal.
The request was convened in a letter read by the Speaker of the House, Tajudeen Abbas, during the plenary on Wednesday.Former President Muhammadu Buhari introduced the supplementary budget in 2022 for capital projects due to the impact of the floods on farmlands and road infrastructure."I write to request an amendment to the 2022 supplementary appropriation Act in accordance with the attached.
"Thus, the sum of N500 billion has been extracted from the 2022 supplementary budget of N819 billion for the provision of palliative. I hope the House will consider this request expeditiously," the President's letter reads.Subsidy removal When he assumed office as Nigeria's 16th leader on 29 May, Mr Tinubu announced the removal of fuel subsidy, a decision that saw the price of petrol jump three-fold across the country.
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