Tinubu Requested $500 Million From The House Of Assembly Because Subsidy Money Does Not Exist – Aliu

Magnate Communications CEO Aliu Muhammed explained to the House of Assembly why President Bola Tinubu needed $500 million.

I want to compliment President Tinubu over his wish to have a living wage paid to workers,” Aliu told the Vanguard paper. However, if you sit down and review the books and the price tag, you’ll discover that we can’t afford to pay our Nigerian employees a living salary. It’s a shame that government funds are being wasted in so many ways.

He continued, “If you look at what Kyari, the MD of NNPC, said, I think that maybe it was an attempt to protect himself from being terminated. He said the subsidy had not been paid since 2016, despite the fact that funds were set aside for it each year and each month. To what end have these subsidies been going?

If you want to get to the bottom of the subsidy problem, you need to know how the money has been spent over the past seven years. Because there is no available subsidized funding, Tinubu petitioned the National House of Assembly for $500 million. He went on to say that the N8,000 aid package for Nigerians wouldn’t actually help.

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