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Nairaland Forum / Nairaland / General / Politics / Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil (356 Views)
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Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by tunene66: 4:24pm On Jul 12, 2023 |
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 letter was titled: “Request for the amendment of the 2022 appropriation Act”, and reads, “I write to request the approval of the House of Representatives for an amendment of the 2022 appropriation Act in accordance with the law. “The request has become necessary in other to source 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.’’ 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. https://nairametrics.com/2023/07/12/just-in-fuel-subsidy-president-tinubu-writes https://www.channelstv.com/2023/07/12/subsidy-tinubu-writes-reps-seeks-n500bn-approval-for-palliatives/ 1 Like |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by Racoon(m): 4:38pm On Jul 12, 2023 |
Another money to be looted. 1 Like |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by Johans2023: 4:40pm On Jul 12, 2023 |
Money for his loyal servants. |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by Maxymilliano(m): 4:46pm On Jul 12, 2023 |
And what about the $800 million World Bank loan Buhari requested to cushion the effects of subsidy removal ? |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by kokoA(m): 4:46pm On Jul 12, 2023 |
May this money favour me and my side chicks. |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by BentizilL2: 4:50pm On Jul 12, 2023 |
They'll still complain, even if Tinubu start giving everybody #1m... You can never the people that want this country downfall... May it never be well to anybody that wish Tinubu regime bad... 💯 |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by Dreal1247: 4:51pm On Jul 12, 2023 |
Nigerians in a one chance vehicle. Those stealing crude oil are well known to the Government. Guess what? The Government of the day just like the past one seems to be sympathetic with them at the detriment to the masses. |
Re: Just In: Fuel Subsidy: President Tinubu Writes National Assembly, Seeks N500 Bil by Manson1(m): 5:27pm On Jul 12, 2023 |
OK na make we dey look as e dey go |
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