We all been waiting for 2016 Budget to commence action and it has now come has a surprise that the President of Nigeria,Buhari had included plans to Substitute for the Recent Increase in the price of Petroleum Product in the Country as it was officially announced last week that PMS would now be sold for 145 naira per litre and that subsidy has been officially removed.
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This has lead to Outcry by many nigerian, even the Labour Congress has decided to embark on a nation wide strike starting from wednesday this week.
The Buhari Lead Adminstration palliative measures which was announced last night by the Senior Special Assistant for Media & Publicity to the President, Mr. Laolu Akande, in an interaction with the press in Abuja.
Akande in his statement said:
“Long before now the Presidency has made adequate arrangements in the 2016 budget to ensure that Nigerians are lifted from poverty and hardship,” the spokesperson stated.
Over eight million Nigerians will benefit from the programmes scheduled to begin in a matter of weeks.
-5.5 million school children to be fed for 200 school days in first phase of homegrown school feeding programme
-Over 1.6 million Nigerian traders, market women, men, artisans to receive loans.
-1 million extremely poor and vulnerable Nigerians to receive N60,000 this year in 12 months payments of N5000 each.
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