Hardship: We’ve released ₦570bn grants to states, says Tinubu
Following the protest against hunger and hardship in the country, the Federal Government said it has released ₦570bn to the 36 states to expand livelihood support to their citizens.
President Bola Tinubu, while addressing the country on Sunday, also disclosed that ₦9.1tn was accumulated as total fiscal revenue to the Federal Government’s coffers during the first half of 2024, marking a significant increase from what was earned by the previous administration.
The President said: “Also, more than N570bn 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”
READ ALSO:
The President explained that there had been a reduction in Nigeria’s debt burden with revenue on debt service declining from 97 per cent in 2023 to 68 per cent in 2024.
He said the country has cleared legitimate outstanding foreign exchange obligations of about $5bn “without any adverse impact on our programmes.”
Just in: Yahaya Bello not with us, he remains wanted - EFCC The…
Fresh trouble over supply volume in Dangote refinery petrol LAGOS — More controversy has emerged in…
School teachers begin indefinite strike in Abuja Teachers in government-owned schools across the Federal Capital…
Police parade suspected ritualists, armed robbers in Osun The Osun State Police Command has said…
Students can reapply for loans, we've resolved BVN verification glitch - NELFUND The Nigerian Education…
PDP govs, NWC move to remove Damagun, Wike’s loyalist, as acting national chairman Nigerian Governors…