On Thursday, the National Assembly passed a bill seeking to amend the Supplementary Appropriation Act 2022.
Gatekeepers News reports that the executive bill was given accelerated passage following the adoption of a report presented by the majority leader of the lower Chamber, Julius Ihonvbere, the majority leader and the motions moved by the majority leader, Opeyemi Bamidele.
President Bola Tinubu had requested that the lawmakers amend the N819 billion Supplementary Appropriation Act 2022 to extract N500 billion to provide palliatives to cushion the effects of petrol subsidy removal on Nigerians.
See the break down of the amended
BREAKDOWN OF THE AMENDED SUPPLEMENTARY BUDGET
The breakdown of the amended supplementary appropriation act 2022 passed on Thursday is given below:
N500 billion for palliatives and other capital expenditures to cushion the effects of the removal of the petrol subsidy.
N185,236,937,815 is allocated to the ministry of works and housing to address the impacts of the severe flooding experienced in the country in 2022 on road infrastructure across the six geopolitical zones
N19,200,000,000 is earmarked for the federal ministry of agriculture to ameliorate the massive destruction to farmlands across the country during the severe flooding experienced last year.
N35 billion to National Judicial Council.
N10 billion to federal capital territory administration (FCTA) for critical projects.
N70 billion to the national assembly to support the working conditions of new members.
