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General News of Tuesday, 30 November 2021


N5,000 grant for poor Nigerians is a catalyst for corruption - PFN

President of the Pentecostal Fellowship of Nigeria (PFN), Wale Oke President of the Pentecostal Fellowship of Nigeria (PFN), Wale Oke

The President of the Pentecostal Fellowship of Nigeria (PFN), Wale Oke has said the proposed five thousand naira grant by the Federal Government to poor Nigerians will only promote corruption in the country.

According to him, poor Nigerians don't have phones and bank accounts and may not benefit from the grant.

This comes after the Minister of Finance, Budget and National Planning, Zainab Ahmed, said recently that the Federal Government would give N5,000 each to the 30 million and 40 million poor Nigerians for a duration of 12 months, as a replacement for the proposed removal of fuel subsidy.

In a statement made available to journalists in Ibadan, Oyo State capital, on Sunday, Oke also stated that removing fuel subsidy will worsen the suffering of the majority of Nigerians who are already impoverished.

He further urged the government to shelve the proposed policy in order not to worsen people’s hardship and trigger a crisis in the country.

Oke added, “Without begging the issue, there should be well defined palliative measures in place that can cushion the effect of the hardship being experienced by Nigerians, especially the commoners. One is not talking about political palliatives that never last. We have seen enough of such.

“An increase in the price of petroleum from its present N165 to N340 per litre, can trigger tension and crises in the country which in turn can paralyse our economy if not handled with utmost care.

“Again, the planned introduction of N5,000 for 40 million poor Nigerians is to create a cesspool of corruption. How do you define the poor? They, mostly, don’t use telephones. They, mostly, don’t have bank accounts. How will the money get to them?”

As a panacea to the rising cost of food items, the PFN President advised that farmers and relevant stakeholders should be empowered with relevant tools and funds through loans with little interest.

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