The Centre for Anti-Corruption and Open Leadership, CACOL, has asked the President of the country to shed more light on his request for N500bn to be used to provide palliatives for Nigerians following the removal of petrol subsidy announced during his inaugural address on May 29, 2023, in response to claims that the subsidy regime favoured the rich more than the average Nigerians, among other reasons.
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In a release issued by the organization’s Director of Administration and Programmes, Tola Oresanwo on behalf of Mr. Debo Adeniran, CACOL’s Chairman, he noted, “It would be recalled that President Tinubu’s request was contained in a letter sent to the National Assembly and read during plenary by the Speaker of the House of Representatives, Tajudeen Abbas. In his letter, the President proposed an amendment to the 2022 Supplementary Appropriation Act, saying “The request has become necessarily important to, among other things, the source for funds necessary to provide palliatives to mitigate the effect of the removal of fuel subsidy on Nigerians. Thus, the sum of N500bn only has been extracted from the 2022 Supplementary Act of N819,536,937,815 for the provision of palliative to cushion the effect of petrol subsidy removal.”
