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Subsidy Removal: 2022 Budget does not include transport grant for 40 million Poor Nigerians – Senate

The Senate Finance Committee has stated that the 2022 budget, which is currently under review by the National Assembly, does not include a monthly transport grant of N5000 for 40 million poor Nigerians.

Minister of Finance, Budget, and Land Planning, Zainab Ahmed, had stated earlier that the federal government plans to end fuel subsidies in the middle of next year and that transportation subsidies will cushion their possible negative impact on the most vulnerable Nigerians.

However, the Chairman of the Senate Committee on Finance, Adeola Olamilekan Solomon, said the 2022 budget proposal contains fuel subsidy, but no provision for the proposed N5000 transport grant, which amounts to N2.4 trillion annually.

Senator Adeola Olamilekan Solomon, said this in a conversation with journalists after he presented his panel’s report on the 2022 budget to the Budget Committee. sent to the National Assembly for approval.

“The Minister of Finance, Budget and National Planning was quoted to have said that 40 million Nigerians would be paid N5000 as transportation allowance in lieu of the fuel subsidy.

I don’t want to go into details for now. I believe that if such a proposal is to come to pass, a document to that effect must be sent to National Assembly for us to see how possible it is and how do we identify the 40 million Nigerians that are going to benefit.

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?

We don’t have anywhere in the budget where 40 million Nigerians will collect N5000 monthly as transportation allowance totaling N2.4 trillion.

I know that there must be a budgetary provision for this for us (National Assembly) to consider. That is why I said it is still news out there until it is formally sent to the National Assembly for either a virement to the budget or reordering of the budget.”