President Muhammadu Buhari on Tuesday transmitted the 2022 Appropriation amendment proposal to the National Assembly for consideration and passage.
The amount included N2.557trn meant to provide subsidy on petroleum products from June to December 2022.
Recall that the President signed the 2022 budget into law in December 2021. He had expressed reservations about some of its contents, particularly the ‘worrisome changes’ made by the lawmakers.
The lawmakers had approved a total expenditure of N17.1 trillion against the N16.3 trillion proposed by the President in October.
But in a six page letter, addressed to the leadership of the National Assembly and read at plenary on Tuesday, President Buhari asked 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.
President Buhari said the amendment is necessary to accommodate some issues in the country including Petroleum Subsidy which must be considered.
Buhari also requested the federal parliament to review the Finance Act 2021.
Buhari said it was imperative to remove all capital projects that were replicated on the 2022 Appropriation Act.
