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President Bola Ahmed Tinubu has written to the House of Representatives, requesting the approval of N500 billion to cushion the effects of fuel subsidy removal.
Essentially, the president is seeking the amendment of the 2022 supplementary appropriation act to accommodate the funds.
Speaker of the House, Hon. Tajudeen Abbas read the letter of the president’s request at Wednesday’s plenary.
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.
Abbas however added that the House will consider the President’s request at plenary on Thursday.
