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States didn’t receive N570bn from FG, Makinde counters Tinubu

Credible News by Credible News
August 9, 2024
in Development, Economy, Human Interest, News, Politics
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States didn’t receive N570bn from FG, Makinde counters Tinubu
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Oyo State Governor, Seyi Makinde has countered claims by President Bola Tinubu that the federal government granted N570 billion to the 36 states of the federation, stating that the information is not completely accurate.

Recall that President Tinubu while addressing Nigerians in a broadcast during the #EndBadGovernance nationwide protests against hunger and hardship, said the government has disbursed ₦570bn to the 36 states.

Tinubu also said that Nigeria spends ₦2tn monthly to import Premium Motor Spirit, popularly called petrol, and Automotive Gas Oil, otherwise known as diesel.

He disclosed that ₦9.1tn was accumulated as total fiscal revenue to the Federal Government’s coffers during the first half of 2024, marking a significant increase from what was earned by the previous administration.

“Also, more than ₦570bn has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nan0-businesses are expected to benefit,” the President stated.

However, in a newsletter personally signed by the governor and shared on his X handle on Thursday, he noted that the state was not in the know of such a grant.

READ ALSO: World Bank supports Oyo govt. with N3.5bn grant to renovate 105 primary schools

He said: “In my newsletter tonight, I responded to a question from a concerned citizen of Oyo State regarding the claim that the Federal Government ‘gave’ States over N570 billion as some kind of ‘hardship fund’ for citizens.

“So, in direct response to the message, the Federal Government did not give Oyo State any money. We were reimbursed funds (N5.98 billion in the first instance and N822 million in the second instance) we invested in the three result areas of NG-CARES, which includes inputs distribution to smallholder farmers within our State.

“In fact, when the World Bank saw our model for the distribution of inputs preceded by biometric capturing of beneficiary farmers, they adopted it as the NG-CARES model.”

The governor clarified that the money received by the states were actually World Bank COVID-19 funds, with the federal government acting only as an intermediary between the international creditor and the 36 states.

Makinde’s denial comes on the heels of controversies that greeted the nationwide hunger and hardship protests.

The protest reported to have been peaceful in many states, had also turned violent in some northern states, with hoodlums carting away goods and facilities belonging to both the government and individuals.

Some protesters in the north were also seen brandishing the Russian flag, a development which has been widely condemned and described as a treasonable offence.

The Department of State Service has since announced the arrest and investigation of sponsors of the violent protests, including the arrest of seven Polish nationals.

The Services also vowed to announce the names of the sponsors behind the violent protests.

Credible News.ng

Tags: #EndBadGovernance#FG GrantsOyo State GovernorPresident Bola TinubuSeyi Makinde
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