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Tinubu Speaks on N573bn grant as governors deny receipt

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President Bola Tinubu has broken the silence after some governors denied receiving the ₦573 billion grants to cushion hardship in their states.
Naijablitznews.com recalled that on Sunday August 2, 2024, President Tinubu in his nationwide broadcast to Endbadgovernance protesters disclosed that the Federal Government has disbursed ₦570bn to the 36 states.
He said: “Also, more than ₦570bn has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nan0-businesses are expected to benefit”.
However Governor Seyi Makinde of Oyo State and some other governors said they never received such grants which has now sparked controversy over the payment.
President Tinubu through his Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, has now addressed the controversy.
The Presidency clarified that the ₦573 billion is a loan from the World Bank, not a grant.
Ajayi, explained that the loan is part of the Covid-19 livelihoods support scheme under the NG-CARES Programme funded by the World Bank.
“They are not denying. They are saying it is not a grant, a dash from federal government. That it is a loan from World Bank
“I think the issue is not whether it is a loan or grant. The point, as clearly stated in the President’s broadcast is that the states got money and the amount, which is the second tranche under the Covid-19 livelihoods support scheme under the NG-CARES Programme funded by the World Bank, is N570 billion.
“The fact of the matter is states are getting needed support and funding to improve the lives of the people. Meanwhile the World Bank facility is guaranteed by the federal government because every multilateral loans must have Sovereign guarantee which means the loan will be paid by the FG in case the sub-nationals are unable to pay.
“There should be no hue and cry by any governor really if the objective is to serve the people and make life better for the masses. The President is elected to make life better for citizens same way the governors are elected to do same in their respective states.
“President Tinubu will continue to work to expand the economy and enable shared prosperity for all Nigerians. He considers the Governors as partners in progress and in the job of nation-building.
“What can’t be denied is that the states have more resources to deliver better service to the people, especially in critical areas of education, healthcare, security and physical infrastructure like roads among others.
“I think the issue here is one or two governors trying to reduce the matter to semantics. It is much more than that. The fact remains that the federal government paid the states the money and the N573 billion is actually the second tranche. The first tranche was paid sometimes in October or November last year”, he said
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Ganduje to Kwankwaso: Negotiating with bandits’ll enrich them, not good strategy

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Former National Chairman of the All Progressives Congress, APC, Abdullahi Ganduje, has declared that sitting with bandits to negotiate is not a good strategy.

He cautioned that negotiating with bandits would further enrich the terrorists, thereby worsening insecurity in the country.

He made the remark at a press conference on Tuesday in response to claims by the vice-presidential candidate of the Nigeria Democratic Congress, NDC, Rabiu Kwankwaso, that he and the party’s presidential candidate, Peter Obi, would hold talks with terrorists if elected into office in 2027.

According to Ganduje:, the role of the security agencies depends on the strategies that have been adopted. The Air Force helps to do its own due diligence, alongside the Army, Navy, the police, and the DSS. So, the issue of sitting with bandits to negotiate with them personally, I don’t appreciate that.

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“Because, in Nigeria, having a gun without approval is illegal. How do you expect hundreds of bandits to come from the forests with their guns to sit down with local chiefs, chairmen of local governments, traditional rulers, or even the police and start negotiating? I think that system has failed, and it will continue to fail.

“This is because we are giving room to the bandits; we are arming them because the negotiation is that they should be allowed to operate here and there, they should be given money, transportation, motorcycles, and money for logistics. So, in a way, we are giving them an enabling environment to operate.

“And by so doing, they would enrich themselves through kidnapping, as that would give them more financial power to purchase weapons, which would be used against us to cause panic and then call them for negotiation. I don’t think that is a good strategy.”

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Angry Defence Minister, Musa threatens to sue whoever said he resigned

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Enraged Minister of Defence, General Christopher Musa, rtd, has said that he would take a legal action against whoever said he resigned from his position.

General Musa said this on Tuesday shortly after meeting with President Bola Tinubu at the Presidential Villa in Abuja.

Recall that there were rumours suggesting that the former Chief of Defense Staff had resigned.

He had earlier denied the rumour in a statement through his media aide, Leah Katung-Babatunde.

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“I was shocked when I heard and saw that. I don’t know where that came from. But expect that there’ll be people that will not be happy when things are going on well.

“Security situation has improved, things are getting better. And so for them, it’s a sad point, and they will always want to make it look as if it’s not so.

“I’m not going anywhere. I have never discussed that with anybody. I don’t even know the person who brought that information. But whoever he is, we will take a legal action against him when we get him to come and who gave him such information.

“But I assure Nigerians that we are free. You can see I just came back from briefing the President on the current security situation, and he’s very happy with us.

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“And now we’re going to continue doing well, and I want to seize this opportunity to appreciate Nigerians for all the support. The support has been massive, and you can see the changes.

“That’s where we say that to defeat terrorists and bandits is a whole of societal approach. And now Nigerians are keying into it, and things are getting better, and they will continue to improve,” he said.

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NNPCL jerks up fuel price by N115 per liter

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Nigerian National Petroleum Company Limited, NNPCL, retail outlets have increased the pump price of Premium Motor Spirit, PMS, also known as petrol.

A market survey revealed on Tuesday indicated that the state-owned filling stations raised their petrol price to N1,270 per litre from N1,155 per litre in Abuja and environs.

This means that NNPCL has increased its fuel pump price by N115 per litre.

NNPCL and MRS filling stations in Abuja had closed, while other retail outlets raised their petrol prices on Monday amid heightened uncertainty in the country’s downstream oil sector.

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In less than a week, depot owners and marketers have already increased their petrol prices twice.

Recall that last week, Dangote Refinery resumed the sale of refined petroleum products in dollars.

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