News
Hardship: FG To Distribute N25K Monthly Across 15m Households
![](https://naijablitznews.com/wp-content/uploads/2024/02/Wale-Edun.jpg)
The Federal Government is set to distribute N25,000 monthly across 15 million households nationwide as part of measures to minimise the level of economic hardship faced by Nigerians.
Since coming to office last year, President Bola Tinubu ended fuel subsidies and currency controls, leading to a tripling of petrol prices and a spike in living costs as the naira slid against the dollar.
The policies of the current administration has subjected many Nigerians to suffer an economic crisis with soaring inflation, leaving many people struggling to afford food. Many citizens have taken to the streets to register their displeasure with Tinubu’s style of leadership.
Speaking during an exclusive interview on Channels Television, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the Federal Government is working to alleviate the hardship, especially for the poor and vulnerable.
“But I think the important thing to point out, at this time, is that the focus of Mr President is on keeping his promise, particularly to the poor and the vulnerable. Food prices are elevated, and the purchasing power is limited and that is what Mr President is speaking directly to through the intervention programme of direct payments of N75,000 each over three months,” Edun said.
“That is N25,000 a month to 15 million households and each household is about five people. So, that effectively provides funding for 75 million people.”
The minister also re-echoed the Federal Government’s plan to provide grains to help cushion the rising cost of food items.
“More recently, there was a 42,000 metric tonnes release from the strategic reserves with another 60,000 metric tonnes to come. This is all in a bid to make sure there is food in the marketplace,” the minister said.
According to the minister, the current administration is also planning to give artisans, traders, women, and youth, a grant of N50,000 to start nano businesses to improve productivity.
“In this particular case there will be digital verification, just like with the direct payments, direct transfer procedure and in this particular case, it will cover at least 1000 people in all 774 local governments,” he said.
“So that programme will now be another N50 billion. The important thing is to know that to the extent that this is the most direct way to help people at this time, it can be expanded it can be continued until we find a more stable environment in terms of food production, food prices, and affordability through increased spending power of the poor people.”
He stated that the reason for the economic situation at the moment is as a result of eight years of a buildup of money supply, liquidity in the system, and money which was not matched with increased production.
To Edun, the microeconomic put in place would go a long way to provide relief, as technology would be deployed to ensure payments and revenues paid would go directly to desired places without any intermediary.
News
Ex-Presidential spokesperson, Ajuri can now have peace of mind-Shehu Sani
![](https://naijablitznews.com/wp-content/uploads/2024/05/Ajuri-Ngelale.jpg)
A former Senator representing Kaduna Central District in the 8th National Assembly, Shehu Sani, has reacted to the temporary leave off work by the Special Adviser to President Bola Tinubu on Media and Publicity, Ajuri Ngelale.
In a statement issued by the Presidency on Saturday, Ngelale said he had submitted a memo to the Chief of Staff to the President, Femi Gbajabiamila, on Friday informing him of his plan to proceed on indefinite leave.
Ngelale added that he has temporarily stepped down as the Special Presidential Envoy on Climate Action and Chairman of the Presidential Steering Committee on Project Evergreen.
According to Ngelale, he stepped down from his role to deal with medical matters presently affecting his immediate family.
Reacting to the development in a post via his official X handle, Sani stated that Ngelale can now rest well, switch off his phone and even regain his weight.
He wrote, “Ajuri can now rest well, sleep well, eat well, switch off his phone and even add some weight.”
On August 1, 2023, Ngelale was appointed as the Special Adviser to the President on Media and Publicity.
According to a statement from the Office of the Secretary to the Government of the Federation, the appointment took effect on July 31, 2023, and will terminate at the end of this administration unless otherwise decided by the President.
On May 19, 2024, Tinubu appointed Ngelale as the first Special Presidential Envoy on Climate Action. He was also appointed as the Chairman of the Presidential Steering Committee on Project Evergreen and Secretary of the Presidential Committee on Climate Action and Green Economic Solutions.
News
Sad! Four vehicles burnt as petrol carrier explodes along Ife-Ibadan express
![](https://naijablitznews.com/wp-content/uploads/2024/09/Tankers-burns.jpg)
Four vehicles and several houses were burnt as petrol-loaded trucks caught fire along the Ibadan-Ife road on Saturday.
The incident occurred at the Ajia Circular Road end in Egbeda Local Government Area, causing a traffic gridlock leading to motorists and commuters being stranded for several hours.
Four vehicles were affected, including a petrol-loaded truck, an 18-passenger bus, a mid-sized truck, and a Micra taxi.
According to the General Manager of the State Fire Services, Mr Yemi Akinyinka, the fire which started at approximately 5:45 pm damaged property and displacing several families.
He also said preliminary findings suggest that it may have been triggered by residents attempting to siphon fuel from the leaking truck.
He said, “On September 7, 2024, at approximately 5:45 PM, a devastating fire broke out inside a petroleum truck. The fire ravaged the truck’s pump, displacing several families and causing significant property damage.”
“Preliminary investigations suggest that the fire was caused by some residents trying to use the fuel leak for their benefit. Some people suffered minor injuries.”
As of the time of filing this report, it could not be officially confirmed whether lives were lost in the incident.
Click the link below to watch video:
𝐕𝐈𝐃𝐄𝐎: 𝐅𝐨𝐮𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐁𝐮𝐫𝐧𝐭 𝐀𝐬 𝐏𝐞𝐭𝐫𝐨𝐥 𝐓𝐚𝐧𝐤𝐞𝐫 𝐄𝐱𝐩𝐥𝐨𝐝𝐞𝐬 𝐀𝐥𝐨𝐧𝐠 𝐈𝐟𝐞-𝐈𝐛𝐚𝐝𝐚𝐧 𝐄𝐱𝐩𝐫𝐞𝐬𝐬𝐰𝐚𝐲
Four vehicles and several houses were burnt as petrol-loaded trucks caught fire along the Ibadan-Ife road on Saturday.
The… pic.twitter.com/y1Cv8AoOtD
— Punch Newspapers (@MobilePunch) September 7, 2024
News
Nsukka residents trek over fuel price hike
![](https://naijablitznews.com/wp-content/uploads/2024/03/fuel.jpg)
Many residents of Nsukka in Enugu State have resorted to trekking long distances following the hike in petrol pump price.
Public motor parks and petrol stations monitored showed that a litre of petrol now goes for between N1, 100 and N1, 200 resulting in hike of transportation fares in Nsukka.
A filling station manager who spoke on condition of anonymity attributed the increase to hike of pump price to N855 per litre by the Nigeria National Petroleum Company Limited on September 3.
He said, though the station was yet to get new supply, they had to adjust to the new price to enable him to buy products when they exhaust the stock they have.
A resident and civil servant, Victor Ezema, who trekked from Nsukka Old Park to Obeachara Junction Nsukka, a distance of about three kilometres said before the hike, commercial motorcyclists were collecting N300, but now raised the fare to N500.
“I have trekked in order not to be stranded since I am still travelling beyond Nsukka to attend to my office work,’’ he said.
Mr Ezema appealed to the government to urgently address the problem of petroleum products supply, especially by fixing the refineries to check the constant hike in pump price which inflicts hardship on Nigerians.
Another resident, Joy Nnadi, said that she trekked from Odenigbo road to Nsukka Main Market because of fare hike and appealed to the government to look into the sufferings of Nigerians due to the recent hike in pump price.
She said, “We used to pay N200 from Odenigbo to the market, but now the tricycle operators were charging N400 and this has certainly affected the market list I prepared this morning. To make sure I buy the items, I resorted to trekking from Odenigbo area to the market in spite of my health challenge. As we speak, all parts of my body are paining me because I do have rheumatism.’’
She expressed worry that as a crude oil producing nation the government had yet to come up with viable solutions to petroleum refining in the country.
The new increase in patrol price had affected prices of goods and services in Nsukka town and environs as a bag of sachet water that was sold at N350 now sells at N500.
Also, barbers have increased adult hair cut from N500 to N700, while children’s hair cut rose from N300 to N500.
Mr Sunday Ugwo, a barber at Lejja Park area of Nsukka, said he increased his price list because of the increase in petrol pump price.
“Before, adult hair cut was N500, children N300 and shaving N200 but now, adult hair is N700, children N500, while shaving is N400,’’ she said.
(NAN)
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