The National Assembly, on Thursday, passed an amendment to the N819.5 billion 2022 supplementary budget, approving N70 billion for the “working condition” of Federal lawmakers.
The amendment, among others, seeks to provide N500 billion palliatives to Nigerians to cushion the effects of fuel subsidy removal.
The amendment was passed in both the Senate and the House of Representatives a day after President Bola Tinubu sent the request to the parliament.
The breakdown of the amended N819.5 billion supplementary budget showed that N500 billion is for palliatives to cushion the effect of recent subsidy removal policy, which will be domiciled in Finance ministry.
The detail also showed that N185 billion is for Ministry of Works and Housing to alleviate the impact of the severe flooding experienced in the country in 2022 on road infrastructure across the six geopolitical zones.
The sum of N19.2 billion is allocated to 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 for critical projects and N70 billion to National Assembly to support the working conditions of new members.
Meanwhile, the National Assembly also approved President Tinubu’s request to borrow $800 million from the World Bank.
ANN reports that former President Muhammadu Buhari had, towards the tail end of his administration, forwarded same request to the 9th Senate in May.
