The President, Major General Muhammadu Buhari (retd.), has transmitted the 2022 Appropriation Act (Amendment) Bill to the National Assembly.
Speaker of the House of Representatives, Femi Gbajabiamila, announced transmission of the Federal Government’s supplementary budget at the opening of plenary on Tuesday.
According to reports, in the amendment proposal, the President set aside the sum of N2.557 trillion for fuel subsidy which is contained in a six-page letter sent to the House
In the letter, President Buhari is asking the National Assembly to approve the sum of N2.557 trillion supplementary budget for petrol subsidy from July to December 2022.
Senate President Ahmad Lawan and Speaker of the House of Representatives Femi Gbajabiamila read the letter in their respective chambers.
According to the letter the President said the amendment is necessary to accommodate some issues in the country including Petroleum Subsidy which must be considered.
Reports say that He is also asking the National Assembly to review the Finance Act 2021.
Accordingly, President Muhammadu Buhari in the letter said it was imperative to remove all capital projects that were replicated on the 2022 Appropriation Act.
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