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Just in: Fuel subsidy: President Tinubu writes National Assembly, seeks N500 billion for palliatives

President Bola Tinubu has written to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act to allow the Federal Government to source N500 billion for palliative to cushion the effect of subsidy removal.


The Speaker of the House of Representatives, Tajudeen Abbas, who read the president’s letter during plenary on Wednesday, said the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.


The speaker said the lawmakers would consider Tinubu’s request at plenary on Thursday and asked members who will make contributions to be prepared to do so.