Just another News Updates
The Small and Medium Enterprises Development Agency, on behalf of the Federal Government, is currently in the process of gathering accurate data on businesses that qualify to access the ₦200 billion palliative funds earmarked by the Tinubu-led government for small and medium-scale businesses. The agency has taken significant steps to update existing data, ensuring there […]
Nigeria is a country with a population of about 223.8 million people, according to the 2023 report by the United Nation. 84 million Nigerians wrangle in extreme poverty, surviving below $1.9 per day, while 133 million (63 percent of the country’s population) are multidimensionally poor, according to the National Bureau of Statistics (NBS). The analysis […]
President Bola Tinubu has written to the National Assembly, seeking an amendment to the 2022 supplementary appropriation Act. Tinubu, in a letter to the House of Representatives, said the amendment was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal on Premium Motor Spirit known as […]
The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June. Daily Trust reports that the amount is N50 billion per month and reaches N300bn with $800m (N371.6bn at CBN N464/$1 rate) World Bank loan to fund the project. The Minister of Finance, Budget, and […]