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Home»Oil & Gas

President Tinubu Urges House of Representatives to Allocate N500 Billion for Palliatives Amid Fuel Subsidy Removal

Editor FrancisBy Editor FrancisJuly 12, 2023Updated:July 12, 2023 Oil & Gas No Comments2 Mins Read
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President Bola Ahmed Tinubu has penned a letter to the House of Representatives, requesting an amendment to the 2022 supplementary appropriation act. The purpose of this amendment is to allocate N500 billion towards the provision of palliatives for Nigerians.

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

In explaining the necessity of the request,  he emphasized that it was crucial to enable the government to offer palliatives to Nigerians, aiming to alleviate the impacts resulting from the removal of fuel subsidy.





“I write to request for the amendment of the 2022 supplementary appropriation act. The request became necessary among others things, to source for funds to provide necessary palliatives to mitigate the effects of the removal of fuel subsidy on Nigerians.

“Thus, the sum of N500 billion only has been extracted from the 2022 supplementary appropriation act of N819 billion, 536 million, 937 thousand 803 naira only for the provisions of palliatives for Nigerians to cushion the effects of subsidy removal,” the letter read.

He urged the give his request “expeditious” consideration and approval to enable his administration provide palliatives for Nigerians.

After reading the request, the speaker said the House will begin the consideration of the president’s request at plenary on Thursday.

#fuel subsidy House of reps palliatives
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