Connect with us


FG lied, no provision for N5000 transport stipend in 2022 budget: Senate



The Senate has dismissed the claim by the Minister of Finance, Zainab Ahmed, that the federal government was budgeting N5000 monthly transportation allowance for 40 million Nigerians, saying it is not aware of such arrangement in the 2022 budget.

Solomon Adeola Olamilekan, Chairman of the Senate Committee on Finance, told journalists on Wednesday at the National Assembly complex, after the committee budget proposal was submitted to the Senate Committee on Appropriation.

“I don’t want to go into details, if there is something like that, a document needs to come to the National Assembly and how do they want to identify the identity of the beneficiaries, this is not provided for in the 2022 budget proposal which is N2.4 trillion,” Mr Olamilekan said.

Speaking further, he said, “For us, we still believe it is a news because this budget we are considering contains subsidy and if we are passing a budget with a subsidy in the fiscal document, we can’t speak because that is the document that is currently before us.”

On Tuesday, Mrs Ahmed said that Nigerians would from next year receive N5,000 per month as a transportation grant after the removal of fuel subsidies.

The finance minister disclosed the Buhari-led regime’s intention to remove fuel subsidies by 2022 and give the poorest Nigerians a transportation grant of N5,000.

However, Mr Olamilekan has now dismissed this as a rumour, raising concerns as to how the 40 million beneficiaries of the transportation allowance would be identified. 

Between 2016 and 2019, Nigeria spent N2.93 trillion on fuel subsidies.

A breakdown saw N563.3 billion allocated for subsidies on petrol in 2016, N144.53 billion in 2017, N730 billion in 2018 and an alarming N1.5 trillion in 2019.

The implementation of the proposed N5,000 monthly grant to 40 million Nigerians will cost N2.4 trillion annually, a 81.71 per cent increase in the amount spent between 2016 and 2019.

The announcement by the finance minister sparked criticism from the Nigeria Labour Congress, which rejected the proposed N5,000 grant.

The NLC President, Ayuba Wabba, accused the Buhari-led government of arriving at its conclusion on subsidy removal without consulting concerned stakeholders.

Mr Wabba said the organised labour body will continue to reject the deregulation of petroleum products prices.

Click to comment

Leave a Reply

Your email address will not be published.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

Local15 hours ago

Kaduna to enroll secondary school students into its health insurance scheme: Official

News19 hours ago

Sound Sultan’s brother exposes scammer who hacked late singer’s Instagram account

Local15 hours ago

VAT declines by N11.76 billion as CIT receives boost in Q3: NBS

News15 hours ago

UBTH boss condemns attack on health workers by patients’ relatives

World16 hours ago

How the Associated Press Covered Israeli President Herzog’s Candle-Lighting in Hebron

Politics15 hours ago

Akeredolu calls for funding of private universities through TETFund grants

Entertainment21 hours ago

Man shares his kids heartwarming reaction when he told them he didn’t have money to buy the drink they wanted

Politics14 hours ago

Okowa, IYC call for justice, investigation into death of Dowen College student

News16 hours ago

FCT PDP endorses Saraki’s 2023 Presidential bid

Local11 hours ago

70 million mobile owners in Nigeria have no bank accounts: eTranzact

Entertainment20 hours ago

“I used to dream of living in a big house, but now I’m scared of the one I live in” – BBNaija star, Tacha laments

Health10 hours ago

Want a Lean Body For Good? Eat These 8 Foods Every Day

Viral2 hours ago

After Bride Allowed Her Ex-boyfriend To Hug Her At Her Wedding, The Husband Did This To The Guy.

World10 hours ago

UK: Muslims produce ‘large amount of money,’ offer to buy woman’s daughter

Local13 hours ago

Lawyer petitions IGP to investigate firm, two individuals for forging Supreme Court judgment

News16 hours ago

Tonto Dikeh calls for commemoration of Sylvester’s 12th birthday at Dowen College premises

World18 hours ago

UK and Israel pledge to ‘work day and night’ to stop Iran from getting nuclear weapons

World15 hours ago

CAIR’s Nihad Awad declares Tel Aviv ‘occupied,’ prays for its ‘liberation’

World13 hours ago

Pakistan drops ban on jihad group that is targeting non-Muslims over Muhammad cartoons, even in the West

Politics14 hours ago

Justice Babalakin laid to rest amid tributes