Advertisement
Advertisement
President Bola Tinubu has requested the House of Representatives to amend the 2022 Supplementary Appropriation Act for subsidy palliatives.
The president, in a letter addressed to the Speaker of the House, Abbas Tajuudeen, which was read at plenary on Wednesday, said the amendment is to extract N500 billion from the 2022 supplementary budget to provide palliatives to cushion the effect of subsidy removal.
Advertisement
The letter read: “I write to request for the amendment of the 2022 supplementary Appropriation Act.
“The request became necessary to provide necessary palliatives to mitigate the effects of the removal of fuel subsidy on Nigerians.
“Thus, the sum of N500 billion has been extracted from the 2022 supplementary appropriation act of N819.536 billion for the provisions of palliatives to cushion the effects of subsidy removal. I seek the expeditious consideration of this request.”
Advertisement
This Day
Disclaimer
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
Advertisement
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
FX: EFCC arrests 34 currency speculators in Abuja
Advertisement Operatives of the Economic and Financial Crimes Commission attached to the Taskforce on Currency mutilation, Dollarization of the Economy…
President Bola Tinubu, Gov Peter Mbah Mourn Sen Ayogu Eze
Advertisement President Bola Tinubu and Governor Peter Mbah of Enugu State have both expressed shock over the death of Sen….