Tinubu reveals N2 billion out of N5 billion was released to Governors for palliative

Ogyem SolomonSeptember 1, 2023

Less than a minute

President Bola Tinubu has revealed that N2 billion out of the N5 billion promised was given to each of the 36 states.

This palliatives was released to cushion the effect of the removal of the fuel subsidy across the country.

Report by The Nation noted that Tinubu said, the N2bn released was to mitigate the sharp increase in inflation if the N5bn had been released.

The president said this through his minister of finance and coordinating minister of the economy, Wale Edun, on Friday, September 1, in Abuja.

Edun was of the view that it was a deliberate attempt by the Tinubu administration to stagger the release of the palliative funds.

Source: www.mynigeria.com

Tags

Ogyem SolomonSeptember 1, 2023

Less than a minute

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.