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House of Representative Scrap N5bn Budget For Presidential Yacht, Considering The Public Interest

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The House of Representatives has scrapped the N5 billion budgeted for the purchase of a Presidential yacht.

Speaking to newsmen after the passage of the Supplementary budget today, November 2, Chairman of the House Committee on Appropriation, Abubakar Bichi, said the lawmakers considered public interest in scrapping the budget for the Yacht and transferred the sum to the N5.5 billion budgeted for the Student loan initiative, putting the budgetary allocation for the Student loan at N10 billion.

‘’As far as we are concerned we don’t have that presidential yacht anymore. We have increased the student loan. If you recall, the student loan was N5 billion in the budget but we have increased it to N10 billion.” he said

The Committee also increased the budgetary allocation of the Ministry of Defence from 476bn to 546bn following security concerns.

Bichi also disclosed that the minimum wage for workers was considered and approved for onward transmission to the executive while promising proper legislative oversight to ensure 100 per cent implementation.

The sum of 100bn was retained for FCT as requested by the Minister of FCT, Nyesom Wike.

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“Fuel Subsidy Removal Was A Necessary Action To Prevent Nigeria From Going Bankrupt” – President Tinubu

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President Bola Ahmed Tinubu has said that fuel subsidy was removed to save Nigeria from going bankrupt.
In as much as the hardship in the country has taken a toll on both the rich and the poor, Especially the poor, President Tinubu has justification for the decision he took on fuel subsidy removal.

Speaking as one of the panelists at the ongoing World Economic Forum in Riyadh, Saudi Arabia on Sunday, April 28, Tinubu said he was convinced it was in the best interest of the people.

He said;

“For Nigeria, we are immensely consistent with belief that the economic collaboration and inclusiveness are necessary to engender stability in the rest of the world.

“Concerning the question of the subsidy removal, there is no doubt that it was a necessary action for my country not to go bankrupt, to reset the economy and pathway to growth.

“It is going to be difficult, but the hallmark of leadership is taking difficult decisions at the time it ought to be taken decisively. That was necessary for the country.

“Yes, there will be blowback, there is expectation that the difficulty in it will be felt by greater number of the people, but once I believe it is their interest that is the focus of the government, it is easier to manage and explain the difficulties.

“Along the line, there is a parallel arrangement to really cushion the effect of the subsidy removal on the vulnerable population of the country. We share the pain across board, we cannot but include those who are vulnerable.

“Luckily, we have a very vibrant youthful population interested in discoveries by themselves and they are highly ready for technology, good education committed to growth.

“We are able to manage that and partition the economic drawback and the fallout of subsidy removal.”

As a Nigerian citizen, what do you think about the Government’s decision to avert bankruptcy by removing fuel subsidy?

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Enugu State Government Flag Off Palliative Distribution In The State

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The Governor Of Enugu State, Peter Mbah has pioneered the distribution of food to the people of the state who are in dire need. He said this is in collaboration with the Federal Government to reduce the economic hardship in the country.

Via his social media platform, He wrote;

“Earlier today, we flagged off another round of palliative distribution in our state.

This is a collaborative effort between our administration and the federal government to cushion the effects of the economic hardship in the country.

I have directed the committee in charge of the palliative distribution to ensure that the items get to those in dire need of them.”

Here are pictures from the palliative distribution flag off.

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Governor Of Delta State, Sheriff Oborevwori Visits Fled Community Of Okuama, Calls Indigenes To Return Home

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Delta State Governor, Sheriff Oborevwori has visited Okuama with an assurance for the safe return of the indigenes who fled the community in the wake of the crisis that ensued in the month of March.

The Governor who was accompanied by some government officials, reiterated that innocent citizens would not be made to suffer for what they know nothing about.

Recall that seventeen officers and soldiers of the Nigerian Army were killed in Okuama community on the 14th of March, 2024, a development which made the people of the community to flee for fear of being attacked.

Recall we once reported how the stranded people of Okuama have been hiding and dwelling in the forest after the attack carried out the Nigerian soldiers who came for a peace call.
The Governor has now assured Indigenes to return as the community is safe for them.

The visit of the governor is coming one month after the killing of the military personnel.

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