Just In: Reps Approve Tinubu’s N500bn Request For Palliatives

Less than 24 hours after President Bola Tinubu made a request for N500 billion to provide palliatives against fuel subsidy removal, the House of Representatives approved the request.

The House of Representatives has approved the request of President Bola Tinubu for an amendment to the 2022 appropriation act.

READ ALSO: Reps Ask Federal-Owned Universities To Suspend Hike In Fees

The amendment passed the first, second, and third readings during plenary on Wednesday.

The approval followed the request of Tinubu for N500 billion for palliatives to Nigerians to reduce the hardship caused by subsidy removal.

It would be recalled that President Tinubu had in a letter on Wednesday sought the approval of the N500 billion.

READ ALSO: Reps Set To Investigate “Illegal Charges” By Commercial Banks

The president had at his inauguration removed the controversial subsidy regime on petroleum which caused the retail price of PMS to increase by 200%.