Mathew Amaechi
The House of Representatives has announced plans to donate ₦704.91 million to support vulnerable Nigerians affected by the economic hardship caused by the removal of petrol subsidy on December 31, 2024. This donation stems from the House’s decision to slash 50% of their salaries for six months, a resolution adopted during a plenary session on July 18.
According to the Speaker of the House, the donation is a gesture of goodwill to address the critical needs of the Nigerian people. The Speaker expressed satisfaction with the contributions made so far, totaling ₦704,907,578.82. On December 31, the Speaker will lead a delegation to present the donation to President Tinubu for the exclusive use of vulnerable Nigerians.
Addressing his colleagues during Thursday’s plenary, Mr Speaker said, “If you recall, about five months ago, we decided to contribute half of our salaries to address the critical needs of the Nigerian people. I am happy to inform you that so far, we have contributed ₦704,907,578.82.
“On December 31, I will lead a delegation of leadership to hand over the money to the president for the exclusive use of the vulnerable Nigerians who need it.
“The contributions you made highlight the steadfastness and dedication of members to addressing the critical needs of Nigerians.”
This move is seen as a response to the economic challenges faced by many Nigerians, particularly those in low-income households. The removal of the petrol subsidy has led to increased fuel prices, affecting the cost of living and doing business in the country.