President Bola Ahmed Tinubu wrote a letter to the House of Representatives, urging an amendment to the 2022 supplementary appropriation Act in order to enable the Federal Government acquire N500 billion to provide palliatives aimed at alleviating the impact of the fuel subsidy removal.
During Wednesday’s plenary session, Speaker Tajudeen Abbas read President Tinubu’s letter on the floor of the House.
The letter, titled “Request for the amendment of the 2022 appropriation act,” explained the necessity of sourcing funds to address the consequences of the recent removal of fuel subsidy in Nigeria.
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Provision of palliatives to Nigerians
The President stated that a sum of N500 billion would be extracted from the 2022 appropriation act of N819.536 billion specifically for the provision of palliatives to cushion the effect of fuel subsidy removal.
President Tinubu expressed his expectation that the House of Representatives would promptly consider his request.
Speaker Abbas informed the lawmakers that President Tinubu’s request would be deliberated during Thursday’s plenary session. He urged the members to prepare their contributions for the discussion.
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President Tinubu announced subsidy removal
Shortly after Nigeria’s new President, Bola Tinubu, announced the removal of fuel subsidy, long queues reappeared at petrol stations in major cities, particularly in Lagos. Some stations even began closing their pumps.
Motorists flocked to Nigerian National Petroleum Corporation (NNPC) stations in Ikeja and Alausa, leading to overcrowding as people rushed to purchase fuel. Many parts of Lagos experienced large queues at NPC stations, which is uncommon, especially on a public holiday.
President Tinubu announced this during his inaugural speech at Eagle Square in Abuja on Monday. He stated that he was informed there was no provision for fuel subsidy and that it could no longer be justified
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