Amidst the economic turmoil, Senate President Godswill Akpabio discloses an "unverified report" suggesting that state governors received an additional N30 billion each from the Federation Account. The funds, intended to alleviate inflation and high food prices, follow a previous N2 billion relief offered to governors last September.
Akpabio addresses recent protests against soaring food prices and living costs, asserting that some demonstrations may be sponsored. He emphasizes the Senate and federal government's efforts to combat inflation and urges governors to responsibly utilize the funds for the benefit of their constituents.
Deputy Senate President Barau Jibrin highlights the global economic downturn, stating that Nigeria is not alone in facing economic challenges. Drawing parallels with the UK and US, he underscores the international factors contributing to rising prices of goods and commodities.
Acknowledging the administration's efforts to address economic challenges, Jibrin urges state governors to collaborate with the federal government. He calls for a joint effort in resolving issues related to fuel subsidy removal, commodity pricing, and supporting the vulnerable population.
Akpabio delves into the multifaceted challenges affecting Nigeria's economy, attributing the situation to COVID-19, insecurity, and the N30 trillion Ways and Means advancement. Despite the hurdles, he emphasizes the government's commitment to bridging the financial gap and ensuring citizens have access to essential resources.
