Subsidy elimination: 2022 price range has no provision for N5000 transport grant – Senate

Subsidy elimination: 2022 price range has no provision for N5000 transport grant – Senate

The Senate has stated there isn’t any provision for the proposed N5,000 transport grant to cushion the impact of subsidy elimination within the 2022 price range.

Senate Committee Chairman on Finance, Senator Solomon Adeola Olamilekan acknowledged this after he defended his committee’s report earlier than the Committee on Appropriations chaired by Senator Jibrin Barau on Wednesday in Abuja.

Olamilekan was requested to verify following the sooner promise by the Minister of Finance, Funds, and Nationwide Planning, Zainab Ahmed, who stated the sum of N5,000 can be supplied earlier than the center of 2022 to Nigerians as a transportation grant.

He additional posited that the 2022 price range proposal contained gas subsidy and never a transportation grant which quantities to N2.4 trillion.

Senator Olamilekan’s disclosure was opposite to the Minister’s submission weeks in the past when she appeared earlier than the Senate on Finance and stated each citizen can be paid N5,000 because the Federal Authorities plans to take away gas subsidy lastly in 2022.

The lawmaker stated: “I don’t wish to go into particulars for now. I consider that if such a proposal is to come back to cross, a doc to that impact should be despatched to Nationwide Meeting for us to see how potential it’s and the way can we determine the 40 million Nigerians which are going to profit.

“There are still a lot of issues to be deliberated upon and looked into if eventually, this will come to pass. How do we raise this money to pay these 40 million Nigerians because I know that even the federal government revenues are from this so-called oil and other sources.”

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