Subsidy Removal: President Tinubu allocates N70 Billion to Reps from N819 Billion palliative

In a bid to mitigate the impact of fuel subsidy removal on Nigerians, President Bola Tinubu has allocated N70 billion from his N819 billion palliative to the House of Representatives.

The announcement came in a letter sent by the President on July 12 and read by the Speaker, Representative Tajudeen Abbas.

The allocated funds are intended to support the working conditions of new members of the House of Representatives.

Representative Julius Ihonvere, the Majority Leader, presented a bill for the second reading, proposing the appropriation of N819 billion from the 2022 Supplementary Appropriation. This amount aims to provide palliatives to cushion the effects of fuel subsidy removal on Nigerians.

Deputy Speaker Representative Benjamin Kalu commended President Tinubu for his decision, stating that the palliative would address the challenges faced by the legislature.

He praised the President for his attentiveness to the needs of the people, highlighting his boldness and courage in removing the subsidy.

Kalu emphasized the importance of leaders who are sensitive to the welfare of the nation. He acknowledged President Tinubu as such a leader and commended his responsiveness to the people’s desires.

He also clarified that the allocated funds would not be handed out without accountability, as they would also be utilized to address the challenges faced by the National Assembly, including those encountered by the House of Representatives.