President Bola Ahmed 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 letter was read on the floor of the House during Wednesday’s plenary by Speaker Tajudeen Abbas.

The letter stated that the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.

The letter reads in part: “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.”

Responding to the President’s letter, Speaker Abbas assured that the House would deliberate on the matter during Thursday’s plenary session and encouraged members to come prepared to contribute to the discussion.

The request for N500 billion in palliatives comes amid growing public anger over the recent removal of fuel subsidy. The removal of the subsidy has led to an increase in the price of petrol.

However, the government has defended itself, saying removing the subsidy is necessary to save money and attract investment.

https://www.intelregion.com/news/breaking-tinubu-seeks-approval-of-n500bn-for-palliative-from-national-assembly/

News source nko

Where's the 500million dollars national assembly members in the last administration approved for Buhari?

Tinubu should probe what that money was used for

This country is gone

He needs to act speedily

Another corruption channel about to be opened. Instead of probing that corrupt former minister of Humanitarian Disaster under Buhari, he want to open another conduit pipe for stealing. Because politicians will make sure they loot this funds.

Mayfeld:
This country is gone

Gone by how? You asked for palliative, and you got it and are complaining again. Your prayer should be let the money be used for the intended purpose.

newsheadlines:
He needs to act speedily

Person wey no get any plans want to change this country. No interview, nothing…. Someone was all over the country talking about his plans even went as far as Egypt to study their power supply.

But because of tribalism see where we have gotten to.

tinsel:
Gone by how? You asked for palliative, and you got it and are complaining again. Your prayer should be let the money be used for the intended purpose.

Has any monies be used for its intended cause as far as the corrupt APC government of the last 8 years is concerned? Don't you understand the gravity of the debt burden on ground today?

tinsel:

Gone by how? You asked for palliative, and you got it and are complaining again. Your prayer should be let the money be used for the intended purpose.

If he planned himself, this could have been done before any policy. Now he wants to sink 500billion because bad policy.

Una eye go clear.

tinsel:

Gone by how? You asked for palliative, and you got it and are complaining again. Your prayer should be let the money be used for the intended purpose.

But you know the money won't be used for the intended purpose....a case study is the covid palliatives, it's definitely gonna be hoarded and diverted

Ayooooo

Cocaine funds owa

Princeyema:
President Bola Ahmed 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 letter was read on the floor of the House during Wednesday’s plenary by Speaker Tajudeen Abbas.

The letter stated that the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.

The letter reads in part: “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.”

Responding to the President’s letter, Speaker Abbas assured that the House would deliberate on the matter during Thursday’s plenary session and encouraged members to come prepared to contribute to the discussion.

The request for N500 billion in palliatives comes amid growing public anger over the recent removal of fuel subsidy. The removal of the subsidy has led to an increase in the price of petrol.

However, the government has defended itself, saying removing the subsidy is necessary to save money and attract investment.

https://www.intelregion.com/news/breaking-tinubu-seeks-approval-of-n500bn-for-palliative-from-national-assembly/

Another wasteful expedition. Throwing away money that will have minimal impact. Whst can N5k do Nlfpmod ?

Palliative that will not reach up to 99% of Nigerians. People who hoard ordinary indomie that did not belong to them want to share #500B. This country is cursed.

CITIZEN: Government should ensure they put palliative in place to cushion the effect of fuel Subsidy removal. People are suffering

GOVERNMENT: President Bola Ahmed Tinubu seeks house of representatives approval of 500 Billion naira to cushion the effect of fuel Subsidy

CITIZEN: Another corruption channel, Tinubu no get plan, this country is gone, money isn't for it's intended use, this should have been done before policy, cocaine fund, them go thief am, only 1% of the population will benefit etc.

GOVERNMENT: He like say all this people dey mad. Wetin person fit do to satisfy them self.

Moral lesson: No matter what is done, people must complain. So therefore Government of PBAT should just focus and do what dey need to do and forget about the barking dogs.

Racoon:
Has any monies be used for its intended cause as far as the corrupt APC government of the last 8 years is concerned? Don't you understand the gravity of the debt burden on ground today?

And those money were used well during the PDP eight years ?

Obinwenite:


If he planned himself, this could have been done before any policy. Now he wants to sink 500billion because bad policy.

Una eye go clear.

I don't know where some of you guys get your education from. Where do you want the fund to come from. From the already deficit budget?
This 500 billion naira is part of what is already saved from fuel and currency subsidies.

And who will supervise the money, cos his team is not even ready.

Dont even know what to call this

You wan go borrow to do palliatives 🤔🤔

This man will run this country dry, he will start where buhari stop, una go hear for this country

When a man claim he saved N400 billions from subsidy but seeking N500 billions for palliative, know that the man is dancing the SURUGEDE CONFUSION dance in the village square.

i kno him too well, ge is there only for the money....he is an addict for wealth amassment

A sensible govt will be transparent as per how much they are saving from subsidy removal and where they are diverting it to alleviate the sufferings of the citizen. We rigged a rogue in to the helms, the economy is going pear shaped, masses have become habitual trekkers without ability to afford food, the currency is taking by the day.
When your eyes are clear all the Yoruba ronu people that think this dude is a genius, would come back to apologise.

Better late than never

Tinubu should just use the money to subsidize fuel

He shouldn't use the money to buy bags of rice and noodles to be shared as palliatives which will lead to a situation where some connected party members will just hijack it