In a letter to the National Assembly, President Bola Tinubu requested a change to the 2022 supplementary appropriation Act.
In a letter to the House of Representatives, Tinubu said that the change would enable the Federal Government to obtain N500 billion for palliatives to lessen the impact of the elimination of subsidies on Premium Motor Spirit, more commonly known as gasoline.
Wednesday’s plenary session saw the reading of Tinubu’s letter, titled “Request for the Amendment of the 2022 Appropriation Act,” by House Speaker Tajudeen Abbas.
The President stated that the N819.5 billion additional Appropriation Act for 2022 would serve as the source of the funding.
“I am writing to ask the House of Representatives to approve the attached amendment to the 2022 supplementary appropriation legislation. The request has become necessary, among other things, to find the money needed to give palliatives to lessen the impact on Nigerians of the recent elimination of fuel subsidies. Thus, just N500 billion from the N819.536 billion in the 2022 supplementary appropriation act has been taken out to provide Nigerians with palliatives to lessen the impact of the cessation of gasoline subsidies. I’m hoping the House of Representatives will take the matter under consideration,” the letter said.
This occurs around six weeks after Tinubu declared the end of petroleum subsidy payments.
