On Fuel Subsidy Removal: Senate Says There Is No Provision For N5000 Transport Grant In 2022 Budget

The Senate Committee on Finance has stated there isn’t any provision for month-to-month N5000 transport grant to 40 million poor Nigerians within the 2022 finances at present being thought-about by the Nationwide Meeting.

 

Recall that the Minister of Finance, Funds, and Nationwide Planning, Zainab Ahmed, had stated the federal authorities plans to take away gas subsidy mid subsequent 12 months and the transport allowance was to cushion its potential unfavourable influence on probably the most weak Nigerians.

 

Nonetheless, the Chairman of the Senate Committee on Finance, Adeola Olamilekan Solomon, stated the 2022 finances proposal comprises gas subsidy, however no provision for the proposed N5000 transport grant, which quantities to N2.4 trillion yearly.

Senate Says There Is No Provision For N5000 Transport Grant In 2022 Funds

The chairman of the committee, Senator Adeola Olamilekan Solomon, said this whereas talking with newsmen after presenting his panel’s report on 2022 finances to the Appropriations Committee. He stated earlier than the manager may embark on such intervention, a proposal to that impact have to be despatched to the Nationwide Meeting for approval.

 

“The Minister of Finance, Funds and Nationwide Planning was quoted to have stated that 40 million Nigerians could be paid N5000 as transportation allowance in lieu of the gas subsidy.

 

I don’t wish to go into particulars for now. I imagine that if such proposal is to return to cross, a doc to that impact have to be despatched to Nationwide Meeting for us to see how potential it’s and the way will we establish the 40 million Nigerians which can be going to learn.

 

There are nonetheless loads of points to be deliberated upon and appeared into if ultimately it will come to cross. How will we elevate this cash to pay these 40 million Nigerians as a result of I do know that even the federal authorities revenues are from this so-called oil and different sources

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We don’t have anyplace within the finances the place 40 million Nigerians will accumulate N5000 month-to-month as transportation allowance totaling N2.4 trillion.

 

I do know that there have to be a budgetary provision for this for us (Nationwide Meeting) to contemplate. That’s the reason I stated it’s nonetheless a information on the market till it’s formally despatched to the Nationwide Meeting for both a virement to the finances or reordering of the finances.”

 

 

Senate Says There Is No Provision For N5000 Transport Grant In 2022 Funds

Senate Says There Is No Provision For N5000 Transport Grant In 2022 Funds

Senate Says There Is No Provision For N5000 Transport Grant In 2022 Funds

Senate Says There Is No Provision For N5000 Transport Grant In 2022 Funds

Senate Says There Is No Provision For N5000 Transport Grant In 2022 Funds