[dropcap]P[/dropcap]resident Bola Tinubu has written to the National Assembly, seeking an amendment to the 2022 supplementary appropriation Act.
Tinubu, in a letter to the House of Representatives, said the amendment was to allow the Federal Government to source ₦500 billion for palliatives to cushion the effect of subsidy removal on Premium Motor Spirit known as petrol.
According to the President, the money would be sourced from the 2022 supplementary Appropriation Act of ₦819.5 billion.
“I write to request the approval of the House of Representatives for the amendment of the 2022 supplementary appropriation act in accordance with the attached.
“Thus the sum of ₦500 billion only has been extracted from the 2022 supplementary appropriation act of ₦819.536 billion for the provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal. I hope that the House of Representatives will consider the request,” the letter read.
This is coming about six weeks after Tinubu announced that the payment of subsidy on petroleum was over.