The announcement by President Bola Tinubu of palliatives intended to lessen the negative economic effects brought on by the elimination of fuel subsidies has received praise from the House of Representatives.
The Green Chamber expressed sympathy with Nigerians who had been distressed by the delay between the removal of fuel subsidies and the implementation of palliative measures, according to a statement released on Tuesday by the spokesperson for the House, Hon. Akin Rotimi.
He expressed hope that the people would benefit from the policies and initiatives announced by the Executive.
Rotimi recalled that on July 13, 2023, the House of Representatives granted Tinubu's request to amend the 2022 Supplementary Appropriations Act in order to remove N500 billion for palliatives to lessen the impact of the removal of fuel subsidies.
According to him, “The House commends President Tinubu for his interventions in the manufacturing sector via support for small and medium-scale enterprises, as well as the plan to work with the state governments to invest in critical social and economic infrastructure and to deploy 3,000 commuter buses, amongst other measures.”
The spokesperson stressed that the integrated interventions would stimulate economic productivity, boost agriculture production, create jobs, and improve living conditions.
He noted that the House also welcomed the planned upward review of the national minimum wage, saying it would be considered and approved once transmitted to the National Assembly by the presidency
Rotimi assured: “The House will be alive to the constitutional obligation to effectively monitor all entities of government responsible for the deployment of the palliative measures.
“On our part in the House of Representatives, we will closely monitor every MDA that will be involved in the implementation to ensure speedy delivery, equitable distribution, and transparency.”