President Bola Tinubu has asked the House of Representatives to approve N500 billion in palliatives to compensate for the loss of gasoline subsidy.
In a letter read aloud by Speaker Tajudeen Abbas on Wednesday, the president requested N500 billion from the 2022 supplementary budget.
It should be remembered that the N819 billion extra budget passed in December 2022 is currently being implemented in Nigeria.
“I write to request an amendment to the 2022 supplementary appropriation act in accordance with the attached. The request has become necessary in order to source funds necessary to provide palliatives to mitigate the effect of the recent removal of fuel subsidy on Nigerians.
“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,†he said