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November 25, 2021 NLC, Nigerians Kick Against 5000 Naira Grant Over Subsidy

NLC, Nigerians Kick Against 5000 Naira Grant Over Subsidy

The Senate Committee on Finance has said there is no provision for monthly 5000 Naira transport grant to 40 million poor Nigerians in the 2022 budget currently being considered by the National Assembly.

The Senate committee said the 2022 budget proposal contains fuel subsidy, but no provision for the proposed N5000 transport grant, which amounts to N2.4 trillion annually.

The chairman of the committee, Senator ADEOLA OLAMILEKAN SOLOMON, stated this while speaking with newsmen after presenting his panel’s report on 2022 budget to the Appropriations Committee.

He said before the executive could embark on such intervention, a proposal to that effect must be sent to the National Assembly for approval.

He also raised questions about the criteria to select the beneficiaries of the proposed transport subsidy.

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November 25, 2021 Reps Block Bill That Would Allow Nigerians Sue Government For Failure

Reps Block Bill That Would Allow Nigerians Sue Government For Failure

An amendment bill whose passage would have empowered Nigerians to sue the government for failing to provide basic welfare has been rejected by the House of Representatives.⁣

The bill was blocked from being passed for a second reading after its sponsor, Sergius Ogun, led deliberations on it during plenary on Wednesday, November 24, 2021.⁣

The bill sought to alter Section 6 of the constitution to allow the judiciary entertain lawsuits from Nigerians hoping to take the government to task for failing to provide basic necessities for citizens.⁣

"What this bill is basically saying is that it should be amended so that people can take the government up when they fail to deliver on some of these basic objectives to the society," the lawmaker said.⁣

⁣Muhammed Monguno, in his contribution, said he supported the spirit of the bill, but was against enforcing it.⁣

The lawmaker cautioned that passing the bill would create chaos as the government cannot be realistically expected to provided for all citizens always.⁣

"If this bill is passed, it's an invitation to chaos and anarchy. There's no state that will guarantee, to the extent of allowing it to be justiciable, putting food on every citizen's table, or providing health care to each and every citizen to the extent that any act of failure or neglect on the part of the government will make the government liable," he said.⁣

Another member of the House, Herman Hembe, also noted that socialism has never worked anywhere in the world, but collapsed countries instead.⁣

Even though he advocated for a humane government, the lawmaker said passing the amendment bill would cause all manner of problems, and collapse the system.⁣

"The only thing that works is a system where people work and earn their keep," he said.⁣

A majority of lawmakers voted against passing the bill for a second reading when it was put to a voice vote by Deputy Speaker, Idris Wase.⁣

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November 24, 2021 CBN’s MPC Retains Interest Rate

CBN’s MPC Retains Interest Rate

The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate, MPR at 11.5%, whilst other monetary parameters remain unchanged.

This was disclosed by the CBN Governor, GODWIN EMEFIELE, while reading the communique at the end of the 282nd Monetary Policy Committee meeting.

The MPC stated that its policy over the previous months has begun to show results, owing to the 4.03% growth in real GDP and the 6th consecutive monthly decline in headline inflation.

The CBN governor noted the continued moderation in the headline inflation, which he attributed to a marginal decline in the food and core components of the inflation index in October 2021.


More Blog for Shows: All Out Politics, The Big Story
November 24, 2021 No regrets criticizing President Buhari, says Dakuku Peterside

No regrets criticizing President Buhari, says Dakuku Peterside

A former governorship candidate of the APC in Rivers state, Dr. DAKUKU PETERSIDE has said that his critic of President Muhammadu BUHARI is a wakeup call on the federal government to do the needful.

He said that he means well by speaking the truth on the current state of the nation.

DAKUKU PETERSIDE stated this while speaking on Inspiration FM, All Out Politics.

In his latest article titled “The Hunger Republic” the former NIMASA boss also said that the interventions by the CBN in Agricultural sector are yet to yield desired results.

He also had this to say on the statement credited to President BUHARI that his government plans to move hundred millions of Nigerians out of poverty.


More Blog for Shows: All Out Politics, The Big Story

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