Tag: Subsidy Palliative

States debt to hit N1.34tn over palliative loans
News

States debt to hit N1.34tn over palliative loans

    Findings have revealed that the latest subsidy palliative loans may drive 36 states’ borrowing from the Federal Government to N1.34tn. According to The PUNCH, the debt under the budget support facility of the Federal Government comprised a total of N614 billion in 2019, followed by an additional debt of N656 billion in 2021. […]

Fuel subsidy is gone, Tinubu tells Nigerians
Opinion

How FG should use N500bn subsidy palliative — financial expert

A financial expert, Prof. Uche Uwaleke, has commended President Bola Tinubu’s request for legislative approval of N500 billion as palliatives to cushion the removal of fuel subsidy.   Tinubu, on Wednesday, wrote to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act, allowing the Federal Government to source N500 billion for palliative […]