Latest News
Subsidy: Tinubu Writes Reps, Seeks N500bn Approval For Palliatives
Subsidy: Tinubu Writes Reps, Seeks N500bn Approval For Palliatives
President Bola Tinubu has written to the National Assembly, seeking an amendment to the 2022 supplementary appropriation Act.
Tinubu, in a letter to the House of Representatives, said the amendment was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal on Premium Motor Spirit known as petrol.
Read Also How Wike Helped APC, Tinubu Win Rivers – Okocha
During plenary on Wednesday, the Speaker of the House of Representatives, Tajudeen Abbas, read Tinubu’s letter, titled, ‘Request for the amendment of the 2022 appropriation act’.
According to the President, the money would be sourced from the 2022 supplementary Appropriation Act of N819.5 billion.
This is coming about six weeks after Tinubu announced that the payment of subsidy on petroleum was over.
-
Politics4 hours agoTinubu Makes Fresh Appointment
-
Politics1 week agoBREAKING: Tinubu Inaugurates New Ministers
-
Latest News1 week agoINEC Drops Final List Of Candidates For June 2026 Bye-Elections
-
Latest News1 week agoAbubakar Momoh Engages CCECC President At Global Infrastructure Forum In China
-
Politics5 days agoAPC Rules Out Any Review Of 2027 Primary Election Results
-
Politics14 hours ago36 Governors Reveal Their Stance On State Police
-
Latest News5 days agoObasanjo Teases Abdulsalami: “I And Gowon May Not Be Alive When You Hit 100
-
Latest News5 days agoKidnap Suspects Reveal How They Abducted Adelabu’s Sister And Twin Sons
-
Latest News3 days agoYou Can’t Sign Chequebooks!’ — Wike Issues Tough Warning To FCT Area Council Chairmen
-
Latest News4 days agoBenin Market Kidnapping: Okpebholo Orders Full Investigation
-
Entertainment16 hours agoDayo Amusa Blasts Peter Obi: “You Can’t Criticize Government And Hide Your Plans
-
Latest News1 week agoNo One Is Interested!’ – Aisha Yesufu Blasts NDC National Leader, Senator Dickson