In order to lessen the impact of the loss of fuel subsidies, President Bola Tinubu has requested the House of Representatives to approve spending N500 billion on palliatives.

The president requested N500 billion from the 2022 supplemental budget in a letter that was read aloud by the speaker on Wednesday.

Recall that Nigeria is currently working on the N819 billion extra budget for 2022 that was approved in December 2022.

“I write to request an amendment to the 2022 supplementary appropriation act in accordance with the attached. The request has become necessary in other to among other things to source funds necessary to provide palliatives to mitigate the effect of the recent removal of fuel subsidy on Nigerians.

“Thus, the sum of N500 billion has been extracted from the 2022 supplementary budget of N819 billion for the provision of palliative. I hope the house will consider this request expeditiously,” he said.