HighlightTrending Story

Pres. Tinubu seeks NASS’ approval for N500bn palliatives

233

President Bola Tinubu has forwarded to the National Assembly an amendment to the 2022 supplementary Appropriation Act to allow the Federal Government to source N500 billion for palliatives to cushion the effect of the petrol subsidy removal.

In a letter addressed to the Speaker of the House of Representatives, Mr Tajudeen Abbas, and read at plenary on July 12, Tinubu said the money will be sourced from the 2022 supplementary Appropriation Act of N819. 5 billion.

The letter is titled, “Request for the amendment of the 2022 Appropriation Act”.

It states: “I write to request the approval of the House of Representatives an amendment of the 2022 appropriation act in accordance with the law.

“The request has become necessary in other to source for funds to provide necessary palliatives to cushion the effect of the recent removal of fuel subsidy in Nigeria.

“The sum of N500 billion only has been extracted from the 2022 appropriation act of N819.536 for the provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal. I expect that the House will speedily consider the request”.

In his remarks, the Speaker said the House will consider the President’s request at plenary on Thursday, July 13, urging lawmakers to prepare ahead to make useful contributions.

Leave a comment

Related Articles

FCT, Abia, Lagos, Ebonyi, Akwa Ibom get new police commissioners

The Police Service Commission (PSC) has announced the appointment of a new...

Nigerian Army visits Ojukwu’s bunker, other civil war heritage sites in Anambra

By Emmanuel Ndukuba, Awka Maj.-Gen. John Sokoya has led the Nigerian Army...

Manchester United ease pressure on Ten Hag with 3-0 win at Southampton

Manchester United secured a much-needed 3-0 win at Southampton to alleviate the...

Nigeria places third in Africa’s generosity rankings

The World Giving Index 2024 has ranked Nigeria third among African countries...

Just in: Trapped UNIBEN students rescued from collapsed three-storey hostel building

Students of the University of Benin in Edo State who were trapped...

Reprieve for Nigerian nurses, midwives abroad as Nursing Council reopens portal for credential verification

The Nursing and Midwifery Council of Nigeria (NMCN) has reopened its website...

Dangote Refinery petrol ‘ll be available at filling stations Sunday, Sept. 15 – FG

Barring any hitch, the first batch of Premium Motor Spirit (PMS), popularly...

Why I traded scripts for roles at start of my career—Omoni Oboli

Famous Nollywood filmmaker Omoni Oboli has shared a glimpse into the early...

At last, drug baron who exports cocaine to Saudi Arabia, Qatar busted

Wanted drug baron, Suleiman Ganiu Aremu, also known as Barryshine, who exports...

PDP suspends Dino Melaye for alleged anti-party activities

The People’s Democratic Party (PDP) has suspended Sen. Dino Melaye over alleged...

Colombia 2024: Falconets Eliminated From World Cup By Japan

Japan have set up a rematch of the 2022 final with Spain...

Let’s replicate LP’s Abia victory in Edo on Sept. 21, Gov. Otti urges electorate

Ahead of the September 21 governorship election in Edo State, Abia Gov....

National Youth Games, beacon of hope for revitalisation of sports—Sports Minister 

The Minister of Sports Development, Sen. John Enoh, says the National Youth...

CBN directs payment service providers to begin PoS transaction tracking

The Central Bank of Nigeria (CBN) has released a new directive to...

Edo polls: Like APC, PDP chairman, guber candidate shun peace accord signing

The Edo State chapter of the People’s Democratic Party (PDP) says it...

Just in: Aviation workers to commence strike Sept.18

Aviation workers unions have finalized plans to embark on a nationwide airport...

Just in: Osun monarch, Aromolaran, joins ancestors at 86

Oba Gabriel Adekunle Aromolaran, the Owa-Obokun of Ijesaland and a highly respected...

Just in: Pres. Tinubu meets King Charles III at Buckingham Palace

President Bola Tinubu visited King Charles III at Buckingham Palace in the...