In order for the federal government under President Bola Tinubu to get N500 billion in palliative to lessen the impact of the elimination of gasoline subsidies, the national legislature has been instructed to change the 2022 extra appropriation act.
This information was revealed in a letter that the Speaker of the House, Tajudeen Abbas, read aloud on the House of Representatives’ floor on Wednesday, July 12, according to The Nation.
President Tinubu stated in the letter that the N819.5 billion supplementary appropriation act for 2022 will serve as the source of the funding.
The letter reads in part:
“Request for the amendment of the 2022 appropriation act” reads in part: “I write to request the approval of the House of Representatives an amendment of the 2022 appropriation act in accordance with the law.
The president explained that the request become necessary so that his administration can source for funds to provide needed palliatives to confront the challenges emanated from the removal of the fuel subsidy recently.
Tinubu expressed confidence that the request for clearance will be given swift consideration by the House of Representatives.
He stated that the N819.536 billion allocation act for 2022 will be reduced by N500 billion to provide palliative care for Nigerians.
The proposal of Mr. President will be taken into consideration during plenary on Thursday, July 13, according to Tajudeen Abbas, speaker of the House of Representatives. He urged members to prepare their responses to the request.