Home News N185bn Subsidy Palliative Less Than A Cup of Rice Per Nigerian – NLC
News

N185bn Subsidy Palliative Less Than A Cup of Rice Per Nigerian – NLC

Share
N185bn Subsidy Palliative Less Than A Cup of Rice Per Nigerian - NLC
Share

The Nigerian Labour Congress has faulted the N185 billion subsidy palliative fund by the Federal Government.

Daily Report Nigeria reports that the government announced a N5 billion palliative for each state of the federation including the Federal Capital Territory in a bid to cushion the effect of fuel subsidy removal.

Announcing the move, the government said each state will receive five trucks of food items made up rice, beans amongst other edibles.

Reacting to the development, NLC President, Joe Ajero said the N5 billion per state palliative will not solve the problem of poverty.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: How Fuel Subsidy Removal in Nigeria is Affecting Refineries in Europe

Ajaero noted that the fund won’t amount to a measly N1500 per person when shared among over 133 million Nigerians that are multi-dimensionally poor.

The NLC President said this while appearing on Channels Television’s Politics Today on Friday, arguing that the total sum will not cause any impact on citizens.

Ajaero maintained that the palliative will not amount to a cup of rice per individual, saying that more Nigerians had gone beyond the borderline and had slid into a very high level of poverty.

He said;

Let us assume that it is a palliative and not a loan, you will agree that it is difficult to feel the impact of such an amount at a time like this when the Bureau of Statistics has come up to say that over 133 million Nigerians are multi-dimensionally poor.

“You start to wonder about the impact of N185bn to 133 million people by their admittance, who are multi-dimensionally poor.

“In fact from the first increase in pump price of petrol and the last one, a lot of people moved from the borderline to a very high level of poverty. If you calculate and do an arithmetic on that, you will discover that it won’t amount to N1500 per person and you ask if that’s the impact that we want to achieve,” he said.

Share
Written by
Tare Magbei -

With more than five years of covering different topics, Tare Magbei is a versatile journalist.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
News

Enugu Govt Demolishes Criminal Hideout Disguised as Worship Centre Operated by ‘Prophet’

The Enugu State Government has uncovered and demolished a notorious criminal hideout...

News

FBI Arrests Nigerian ‘Tech Queen’s Over Multi-million Dollar Fraud

A Nigerian ‘tech queen’ has been arrested for alleged fraud in the...

Trump
News

Trump Signs New Travel Ban Targeting 12 Countries

U.S. President Donald Trump has signed a proclamation on Wednesday evening banning...

News

CBEX Fraud: EFCC Declares 2 More Suspects Wanted

The Economic and Financial Crimes Commission, EFCC on Wednesday declared two more...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush